1. (a) The board shall grant credit to an applicant for the satisfactory completion of a section of the UCPAE provided the applicant earns a passing score on the section as determined by board rule. The credit shall be valid for 18 months from the actual date of notification of passing score results.
2. (b) An applicant must pass the remaining sections within the next 18 months. Should an applicant's exam credit be invalidated due to the expiration of 18 months without earning credit on the remaining sections, the applicant remains qualified to take the examination.
3. (c) An applicant receiving and retaining credit for every section on the UCPAE, within an 18-month period, subject to the limitations imposed by the Act, shall be considered by the board to have completed the examination and may make application for certification as a CPA.
4. (d) An applicant who has received and retained credit for any or all sections on the UCPAE may transfer such credits to another licensing jurisdiction if the applicant pays in advance a transfer fee set by board rule as identified in §521.7 of this title (relating to Fee for Transfer of Credits).
5. (e) An applicant who has credit on the UCPAE that will expire between April 1, 2017 and September 30, 2018 will have a three-month extension of the credit.
6. (f) An applicant who took the UCPAE from April 1, 2017 through May 31, 2017 and receives credit will have a three-month extension for the credit through March 31, 2019.

Source Note:The provisions of this §511.80 adopted to be effective January 3, 1990, 14 TexReg 6758; amended to be effective October 30, 1991, 16 TexReg 5828; amended to be effective December 15, 1993, 18 TexReg 8911; amended to be effective February 27, 2000, 25 TexReg 1377; amended to be effective August 13, 2003, 28 TexReg 6274; amended to be effective February 17, 2008, 33 TexReg 1102; amended to be effective August 8, 2012, 37 TexReg 5773; amended to be effective June 7, 2017, 42 TexReg 2933.