The bureau shall review all applications for licensure and may investigate an applicant’s qualifications for licensure. The bureau shall approve those applications that meet the requirements for licensure, but shall not issue a license to any applicant who meets any of the following criteria:
(a) Does not meet the qualifications for licensure under this chapter.
(b) Has been convicted of a crime substantially related to the qualifications, functions, or duties of a fiduciary.
(c) Has engaged in fraud or deceit in applying for a license under this chapter.
(d) Has engaged in dishonesty, fraud, or gross negligence in performing the functions or duties of a fiduciary, including engaging in such conduct prior to January 1, 2009.
(e) Has been removed as a fiduciary by a court for breach of trust committed intentionally, with gross negligence, in bad faith, or with reckless indifference, or has demonstrated a pattern of negligent conduct, including a removal prior to January 1, 2009, and all appeals have been taken, or the time to file an appeal has expired.
(Amended by Stats. 2009, Ch. 308, Sec. 83. (SB 819) Effective January 1, 2010.)