The proposed bill establishes the Office of Professional Corporate Guardians within the New Jersey Department of Human Services, which will independently oversee the licensing and standards of practice for professional corporate guardians. This office is tasked with adopting regulations, setting practice standards, and developing qualification criteria for professional corporate guardians. It will maintain a searchable database of registered guardians and ensure compliance with established standards, including disciplinary measures for violations. To qualify, entities must meet specific requirements such as having substitute guardians, proof of liability insurance, and passing background checks. The bill also prohibits self-dealing and conflicts of interest without court approval.

Additionally, the bill authorizes the Office to access the child abuse and domestic violence registries for background checks on individuals seeking to operate as professional corporate guardians. It outlines disqualifications based on criminal history, including serious offenses and a history of child abuse or domestic violence, while allowing for rehabilitation to overcome disqualifications. The bill mandates the creation of an online registry detailing qualifications and disciplinary actions of guardians, and it specifies procedures for designating personal choice guardians through private arrangements. Overall, the legislation aims to enhance oversight and accountability in professional corporate guardianship in New Jersey.