New Mexico CPA License Reinstatement: What a Lapsed License Costs

Board fee schedule: 'Reinstatement of Cancelled Certificate: $175' -- separate from the $130 annual renewal fee and $100 late-renewal penalty. The codified rule requires payment of the current year's renewal fee plus reinstatement requirements but doesn't itemize the $175 figure itself; the dollar amount is set on the board's own fee schedule.

• 40 CPE hours per year lapsed 16.60.3.15(8) NMAC: 40 hours of CPE for each year the certificate was expired, not to exceed 200 hours. The length of expiration runs from the date the license expired to the date the Board office receives the reinstatement application. Expired less than one year: 40 hours earned within the 12 months immediately before the application. Expired longer than one year: a partial year under six months is rounded down to the last full year and a partial year over six months is rounded up to the next full year, so 15 months counts as 1 year (40 hours) and 20 months as 2 years (80 hours). If expired more than 36 months, at least 120 of those hours must be from the preceding 36 months.
• 4 ethics hours within that total. If the license was expired more than one year, they must be earned during the 36 months before reinstatement. If it was expired less than one year, 16.60.3.15(8)(b) requires all 40 hours to be earned within the 12 months before the application, so the ethics hours must fall in that 12-month window too. The rule requires ethics for any post-2009 year the license was expired; it doesn't say whether that means 4 hours in total or 4 for each such year, or how the 36-month ethics window fits the 12-month window, so confirm with the Board.