Electing or Imposed Inactive Status

Certified members who wish to defer recertification compliance and reporting due to extended inactivity in business valuation, retirement, unemployment, or a medical condition, but do not want to lose their certification, may elect “Inactive Status” as an Associate or Professional member for up to five years.  Under this election (which is automatically imposed for non-compliance with recertification), the member cannot use the NACVA designation in any capacity, i.e., on business cards, company letterhead, website, etc., and will have to fulfill the recertification requirements for one reporting period to reactivate.  If reactivation occurs within one year, the member may keep his/her original date of certification but must continue on the original recertification cycle.  Otherwise, the member’s effective date of certification will be changed, and a new certificate issued to reflect the current date, placing the member on a new three-year recertification cycle.

Members who have gone more than three but less than five years as inactive are required to take certain courses (call NACVA for a list) to fulfill part of their 36-hour CPE recertification requirement.  This is to assure they are abreast of recent industry developments.  Five or more years of Inactive Status require that one retake the CVA/AVA exam to reactivate.  A $150 reactivation fee is assessed to reinstate one’s status from Inactive to Active Status regardless of whether or not it was elected or automatically imposed by Headquarters.