Final answer:
Failing the licensure exam for the second time does not mandate the termination of the practice of psychology.
Step-by-step explanation:
The statement presented is false. An applicant who fails the examination for licensure a second time is not required to terminate the practice of psychology. While passing the licensure exam is a requirement to become a licensed clinical or counseling psychologist, failing the exam twice does not automatically result in termination. However, further steps may be necessary to retake the exam or meet additional requirements.