How long does the division staff keep applicant and certificate holder information?

The division staff maintains applicant and certificate holder information for 5 years. This retention period is significant because it allows the division to track and review the records related to each applicant's or certificate holder's activities, performance, and compliance over a substantial period.

Keeping records for this time frame supports the integrity and accountability within the fiduciary profession, as it ensures that past information is available for reference in case of any disputes, investigations, or audits. This timeframe strikes a balance between the need for accountability and the practicalities of data management, preventing unnecessary retention of outdated information that may no longer be relevant while still allowing sufficient time for oversight and evaluation of a fiduciary's conduct.

This approach is in line with regulatory practices in many professions, where a defined period of record retention is crucial for maintaining order and trust in the profession.