Definitions

The following words and terms, when used in this section, have the following meanings, unless the context clearly indicates otherwise:

CEU—Continuing Education Unit— A unit for measuring credit hours of continuing education. One CEU equals 1 credit hour.

Credit hour— A unit of measure equaling 50 to 60 minutes of participation in an approved continuing education course or program.

Continuing Education Partner – A company who has been approved by AADMM to offer PDMMs courses/programs.

PDMM Recertification

There are three renewal requirements:

1. Properly completed recertification application

2. $150 members and $200 nonmember’s certification fee (non-refundable)

3. 20 credit hours of continuing education in acceptable courses, programs or activities this shall include:

• 2 credit hours in ethical issues

• 10 credit hours in Payroll, Finance & Bookkeeping

• 8 credit hours in Standards of Practice & Types of Expenses.

The renewal occurs every three years at the end of the certification period. Renewal information is sent to each PDMM one year prior to the expiration date of their certification period. The application, fee and CEU hours must be received by 30 days prior to the expiration date in order to avoid certification expiration.

Certification Period

The certification period expires three years from the date listed on your PDMM certificate. For instance if your certificate states December 1, 2007 your expiration date would be November 30, 2010.

Renewal Requirements

The three requirements for renewing the PDMM certification are as follows:

1. Certification Application
   A certification application must be properly completed to renew the PDMM certification. The renewal process involves listing each course taken, date, and how many CEUs were assigned and in what category. Include courses/programs whose approval is still pending.
    

2. Certification Fee
   The fee is currently set at $150 members and $200 nonmembers for the three-year period. The CEU requirement must be fulfilled and AADMM must receive a properly completed renewal application and payment of fee(s) by the renewal date.
   
   The certification fee is non-refundable, and AADMM acceptance of a fee payment does not guarantee or imply that an individual's certification will be renewed. All renewal requirements must be completed to renew your PDMM certification.
    

3. Continuing Education Units (CEU)
   The CEU requirement is effective immediately upon certification.
   All reported CEU hours must be processed by AADMM 30 days prior to the expiration date of the current certification period in order to avoid certification expiration.

Reminders

AADMM will send a reminder to PDMMs on their second anniversary. These reminders alert those who are certified to the possibility of certification expiration.

Noncompliance with Renewal Requirements

If the 20 credits cannot be completed in the required time due to extenuating circumstances a PDMM must send a letter (mail, fax or email) to AADMM within 30 days from their expiration date explaining the circumstance which prevents compliance. If AADMM does not receive such letter:

• AADMM will take their name off the website

• The PDMM will relinquish the right to use the PDMM designation

Continued use of the marks in event of noncompliance is viewed as unauthorized use by AADMM and AADMM is prepared to take the necessary steps to protect its certification marks.

If the documentation required to renew certification is not received within one year of expiration date, renewal is no longer an option. The applicant will have to reapply for Certification.

Continuing Education Partners; acceptable courses and programs.

1. Courses and programs approved by the Continuing Education Partners will be accepted as satisfying all or part of the continuing education requirement. It is the responsibility of the PDMM to ascertain the approval status of the partner before undertaking a continuing education activity.
    

2. AADMM reserves the right to reject a continuing education course/program submitted by a PDMM if it is outside the scope of daily money management or is otherwise unacceptable because of presentation or content. AADMM courses/programs which are unrelated to the actual practice of daily money management (for example, marketing courses) will not be accepted. A PDMM will be notified of a rejected course/program via email along with the reason for the rejection.
    

3. AADMM has approved the following partners:
   
   AADMM – American Association of Daily Money Managers
    

4. AADMM will consider approving courses and programs that are offered by other organizations. The PDMM is responsible for sending a syllabus, date, time and contact information for each course within 90 days of taking the course. Notification of approval will be sent via email. This email is your documentation that the course was approved and must be submitted as part of the recertification application.

CEU Attendance Form/Certificate of Completion

All courses that are completed must have a CEU Attendance Form filled out or a Certificate of Completion. It is the responsibility of the PDMM to supply either of these documents. If these documents are not submitted with the application the CEUs will not count.