Section 4564 - Placement of License in Inactive Status; Effect(a) Upon application to the Bureau pursuant to Section 4566, an eligible licensee, as described in Section 4565, may have their license placed in an inactive status. Placement in an inactive status shall occur on the first day of the next renewal period.(b) The holder of an inactive license shall not engage in any professional fiduciary activity for which a license is required unless exempt under the Act.(c) The holder of an inactive license shall not identify as a "licensed professional fiduciary" as provided in Section 6532 of the Business and Professions Code unless the licensee qualifies that title immediately before or after with the word "inactive."(d)(1) Pursuant to Business and Professions Code 462, subdivision (b)(2), the holder of an inactive license is not required to complete continuing education as a condition of renewal pursuant to Section 4567 of this Article.(2) The holder of an inactive license shall remain subject to the annual reporting duties of Section 4540, including filing of an annual statement, and the ongoing reporting duties of Section 4544.Cal. Code Regs. Tit. 16, § 4564
1. New section filed 10-25-2022; operative 1-1-2023 (Register 2022, No. 43). Note: Authority cited: Sections 462 and 6517, Business and Professions Code. Reference: Sections 119, 121.5, 149, 462, 6530, 6531, 6532, 6541, 6541.1 and 6561, Business and Professions Code.
1. New section filed 10-25-2022; operative 1/1/2023 (Register 2022, No. 43).