The Board shall reinstate the license of an individual who, for any reason, has failed to renew the license if the individual: applies to the Board for reinstatement within 5 years after the license expires; meets the renewal requirements of § 5-311 of this subtitle; and pays to the Board a reinstatement fee established by the Board in accordance with § 5-205 of this title, in addition to the renewal fee required under § 5-311 of this subtitle. If an individual has failed to renew a license for any reason and then applies to the Board for reinstatement more than 5 years after the license has expired, the Board shall reinstate the license only if the individual: meets the renewal requirements of § 5-311 of this subtitle; passes the examination required by the Board; and pays to the Board a reinstatement fee established by the Board in accordance with § 5-205 of this title, in addition to the renewal fee required under § 5-311 of this subtitle.