ELECTING OR IMPOSED INACTIVE STATUS
Certified members who wish to defer recertification compliance and reporting due to extended inactivity in business valuation, financial forensics, unemployment, or a medical condition, but do not want to lose his/her 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 his/her NACVA designation in any capacity, i.e., on business cards, curriculum vitae, signed reports, firm/company website, company letterhead, yellow pages, other organization websites, etc., and will have to fulfill his/her 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 his/her 36-hour CPE recertification requirement. This is to assure he/she is abreast of recent industry developments. Five or more years of Inactive Status require that one retake the CVA/AVA exam and submit a sample case study or actual sanitized fair market value report. 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 and membership must be upgraded to Practitioner level.

SPECIAL CONSIDERATION FOR ACTIVE MILITARY SERVICE DURING DEPLOYMENT

• Upon notification and prior to deployment, NACVA membership dues will be suspended (put on hold) for the duration of deployment;
• When member returns from active duty, membership dues will be reinstated;
• If recertification became due during the period of deployment, member is granted one year from when he or she returns to fulfill his/her
  recertification requirements.