The Board may issue a retired status license to an individual who: is currently licensed in Maryland as a professional land surveyor or a property line surveyor; has been either licensed as a professional land surveyor or a property line surveyor or was authorized to practice land surveying or property line surveying under § 15-303 of this subtitle for at least 25 years, of which 5 years were in Maryland; is not the subject of a pending disciplinary action related to the practice of land surveying or property line surveying in this or another state; submits to the Board an application on the form provided by the Board; and pays to the Board a fee, as set by the Board. The holder of a retired status license issued under this section may not engage in the practice of professional land surveying or property line surveying. The holder of a professional land surveyor retired status license may use the designation of “retired professional land surveyor”. The holder of a property line surveyor retired status license may use the designation of “retired property line surveyor”. The Board may reactivate the license of the holder of a retired status license if that individual: submits to the Board an application for reactivation on the form approved by the Board; meets all continuing competency requirements, not exceeding 48 credit hours, that would have been required for renewal of a license under § 15–314 of this subtitle if the licensee had not been placed on retired status; pays to the Board a reactivation fee as set by the Board; and is not the subject of a pending disciplinary action related to the practice of land surveying or property line surveying in this or any other state.