Section 1440.150  Restoration of Lapsed or Expired License

a)         A licensee whose license has lapsed or expired shall have 2 years from the date the license expired to restore his or her license without examination. The licensee whose license has expired shall make application on forms provided by OBRE to the Office of Banks and Real Estate which shall include the following:

1)         The applicant's name, address and telephone number;

2)         The applicant's Social Security Number and date of birth;

3)         The applicant's license number;

4)         A statement from the applicant containing an employment history since the expiration of the applicant's license;

5)         The fees as provided by Section 1440.170 of this Part;

6)         A properly completed 45 day permit sponsor card issued in accordance with Section 10-35 of the Act and Section 1440.140 of this Part;

7)         Proof of successful completion of 12 hours of approved continuing education; and

8)         Any other information  as required by OBRE, including but not limited to personal history, criminal record, Illinois tax delinquency, Illinois student loan delinquency, court ordered child support delinquency, or other information used by OBRE to determine an applicant's fitness for licensure.

b)         A licensee whose license has lapsed or expired for a period in excess of 2 years shall be required to provide proof of successful completion of 12 hours of approved education within 6 months prior to making application, meet the requirements and make application the same as an initial applicant pursuant to Article 10 of the Act and this Part promulgated for the administration of the Act.