CA AB2024

Prohibits professional fiduciaries from operating with expired, suspended, retired, canceled, or revoked licenses, and cancels licenses not renewed within 3 years of expiration.

Authorizes the Professional Fiduciaries Bureau to establish a system for placing licenses into retired status for fiduciaries not actively practicing, with restrictions preventing retirement if a license is under disciplinary action.

Expands the bureau's authority to investigate persons holding restricted, prohibited, retired, inactive, canceled, or suspended licenses, not just active licensees.

Requires continuing education of 15 hours annually for license renewal or restoration from retired to active status, with costs not borne by clients.

Authorizes the bureau to set fees by regulation for designating retired or inactive status and for reinstating licenses to active status, with fees set to recover reasonable costs.