If a licensee fails for any reason to renew a license by the end of the 30–day grace period, the Board shall reinstate the license if the licensee: Applies to the Board for reinstatement of the license within 5 years after the license expires; Meets the renewal requirements of § 2–308 of this subtitle; and Pays to the Board the renewal fee and the reinstatement fee set by the Board. The Board may not reinstate the license of an audiologist, hearing aid dispenser, speech–language pathologist, or speech–language pathology assistant who fails to apply for reinstatement of the license within 5 years after the license expires, unless the audiologist, hearing aid dispenser, speech–language pathologist, or speech–language pathology assistant: Meets the requirements of § 2–305 of this subtitle; or Meets the current requirements for obtaining a new license under this title including continuing education requirements established by the rules and regulations of the Board.