The proposed bill establishes the Office of Professional Corporate Guardians within the New Jersey Department of Human Services, tasked with overseeing the licensing and regulation of professional corporate guardians. This office will adopt regulations, set practice standards, and maintain a searchable database of registered guardians. The executive director, appointed by the Commissioner of Human Services, must be an attorney with relevant experience. The bill outlines the qualifications for entities seeking registration, including the requirement for substitute guardians, proof of liability insurance, and compliance with background checks, while also specifying disqualifications based on criminal history or misconduct.

Furthermore, the bill mandates that the Office of Professional Corporate Guardians conduct background checks using the child abuse registry and domestic violence central registry. It emphasizes the importance of accountability by requiring registered guardians to file initial and annual reports, advocate for their wards, and assess their needs. The legislation also allows for the designation of substitute guardians and outlines procedures for private arrangements for personal choice guardians. Overall, the bill aims to enhance the professionalism and oversight of corporate guardianship in New Jersey, ensuring that individuals in these roles are qualified and capable of fulfilling their responsibilities.