(1) A licensed or certified appraiser can place their license or certification in an inactive status by:

(a) paying the required fee in accordance with 37-54-105, 37-54-112, MCA, and ARM 24.207.401;

(b) indicating, in writing, "inactive at present"; and

(c) submitting proof of obtaining the required continuing education on the schedule currently adhered to by the board, in accordance with ARM 24.207.2101.

(2) A licensed or certified appraiser who has placed their license on an inactive status with the board has the sole responsibility to keep the board informed as to any change of residency or mailing address during the period of time the license or certification remains on inactive status.

(3) Inactive licensees must pay their inactive renewal fee annually. Failure to renew the inactive status or become active will result in the lapsing of their license or certification.

(4) Inactive licensees must not appraise real property or sign appraisal reports while their license is on inactive status.