reglab/housing_qa huggingface dataset:
MI Comp L § 339.730 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.730 - Contingent Fee.

339.730 Contingent fee. Sec. 730.  (1) Except as otherwise provided in this section, a certified public accountant may charge or receive a contingent fee.  (2) A licensee shall not charge or receive a contingent fee from a client during the period in which a licensee or a licensee's firm is engaged to perform for the client 1 or more of the following services or during the period of time covered by any of such client's historical financial statements involved in those services:  (a) An audit or review of a financial statement.  (b) A compilation of a financial statement when the licensee expects, or may reasonably expect, that a third party will use the financial statement and that the compilation report does not disclose a lack of independence.  (c) An examination of prospective financial information.  (3) A licensee shall not charge or receive a contingent fee for the preparation of an original or amended tax return or claim for a tax refund.  (4) As used in this section, "contingent fee" means a fee established for the performance of a service pursuant to an arrangement in which no fee will be charged unless a specified finding or result is attained or in an arrangement where the amount of the fee is dependent upon a finding or result of the service. Contingent fee does not include a fee fixed by a court or other public authority and, in tax matters, a fee determined based upon the results of judicial proceedings or the findings of a governmental agency. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299
MI Comp L § 339.731 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.731 - Commission or Referral Fee.

339.731 Commission or referral fee. Sec. 731.  (1) Except as otherwise provided in this section, a certified public accountant may perform services for or receive for services a commission as long as the certified public accountant discloses that arrangement to the person to whom the certified public accountant recommends or refers a product or service to which the commission relates.  (2) A licensed certified public accountant shall not receive a commission for recommending or referring to a client a product or service or for causing to be recommended, referred, or supplied to a client a product or service during the period in which a licensee or a licensee's firm is engaged by the client to perform 1 or more of the following services or during the period of time covered by any historical financial statements in those services:  (a) An audit or review of a financial statement.  (b) A compilation of financial statement when the licensee expects, or may reasonably expect, that a third party will use the financial statement and that the compilation report does not disclose a lack of independence.  (c) An examination of prospective financial information.  (3) This section does not prohibit a licensee from paying or receiving a referral fee for recommending or referring a service involving the practice of public accounting if the payment or receipt of the referral fee is disclosed to the client. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299
MI Comp L § 339.732 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.732 - Confidentiality; Disclosure of Information.

339.732 Confidentiality; disclosure of information.Sec. 732.  (1) Except by written permission of the client or the heir, successor, or personal representative of the client to whom the information pertains, a licensee, or a person employed by a licensee, shall not disclose or divulge and shall not be required to disclose or divulge information relative to and in connection with an examination or audit of, or report on, books, records, or accounts that the licensee or a person employed by the licensee was employed to make. Except as otherwise provided in this section, the information derived from or as the result of professional service rendered by a certified public accountant is confidential and privileged.  (2) Subsection (1) does not prohibit any of the following:  (a) A certified public accountant, whose professional competence has been challenged in a court of law or before an administrative agency, from disclosing information otherwise confidential and privileged as part of a defense in the court action or administrative hearing.  (b) The disclosure of information required to be disclosed in the course of practice monitoring programs and ethical investigations conducted by a licensed certified public accountant. In such cases, the information disclosed to another licensed certified public accountant in the course of practice monitoring programs and ethical investigations is confidential and privileged to the same degree and in the same manner as provided for in subsection (1).  (c) A licensee, or a person employed by a licensee, from disclosing information otherwise privileged and confidential to appropriate law enforcement or governmental agencies when the licensee, or person employed by the licensee, has knowledge that forms a reasonable basis to believe that a client has committed a violation of federal or state law or a local governmental ordinance.   (3) Documents or records in the possession of the department pertaining to a review, an investigation, or disciplinary actions under this article are exempt from disclosure under the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246, unless the records or documents are used for either or both of the following purposes:  (a) As evidence in a contested case held by the department.  (b) As a basis for formal action by the department and until the action is resolved by a final order issued by the board. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 ;-- Am. 2005, Act 278, Imd. Eff. Dec. 19, 2005 Popular Name: Act 299
MI Comp L § 339.733 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.733 - Statements, Records, Schedules, Working Papers, or Memoranda; Restriction; Sale, Transfer, Bequeathing, or Assignment.

339.733 Statements, records, schedules, working papers, or memoranda; restriction; sale, transfer, bequeathing, or assignment. Sec. 733.  (1) Statements, records, schedules, working papers, or memoranda made by a licensee or by an employee of a licensee shall remain the property of the licensee unless there is an agreement to the contrary. This subsection does not apply to a report submitted by a licensee to a client or a document constituting the original books or records of a client's business.  (2) Statements, records, schedules, working papers, or memoranda pertaining to a client shall not be sold, transferred, or bequeathed without consent of the client or the client's personal representative and shall not be assigned except to 1 or more surviving partners or a new partner of the licensee or members of the licensee's firm. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299
MI Comp L § 339.734a (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.734a - Exercise of Privilege Granted by MCL 339.727a; Conditions; Disciplinary Action for Act Committed in Another Licensing Jurisdiction; Prima Facie Evidence of Violation.

339.734a Exercise of privilege granted by MCL 339.727a; conditions; disciplinary action for act committed in another licensing jurisdiction; prima facie evidence of violation.Sec. 734a.  (1) An individual who meets the requirements of, and is exercising the practice privilege granted by, section 727a, and the firm that employs that individual, each agree to all of the following as a condition of the exercise of that privilege:  (a) To the personal and subject matter jurisdiction and disciplinary authority of the board and the department.  (b) To comply with this act and the applicable rules.  (c) If the license from the licensing jurisdiction of the individual's principal place of business is no longer valid, that the individual will cease offering or rendering professional services in this state individually and on behalf of a firm.  (d) To the appointment of the state board or other licensing authority that issued his or her license as the agent on which process may be served in any action or proceeding by this board against the individual or the firm that employs that individual.  (2) A licensee under this article who offers or renders public accounting services or uses the certified public accountant title in another licensing jurisdiction or before a state or federal agency is subject to disciplinary action under this article for an act committed in another licensing jurisdiction or before a state or federal agency for which the licensee would be subject to discipline for an act committed in another licensing jurisdiction or before a state or federal agency. The department is required to examine any complaint made by a state licensing board or other licensing jurisdictional authority and may accept, as prima facie evidence of a violation of this act, a final order of violation issued by another state licensing board or other licensing jurisdictional authority. History: Add. 2008, Act 161, Imd. Eff. June 11, 2008 ;-- Am. 2018, Act 81, Eff. June 17, 2018 Popular Name: Act 299
MI Comp L § 339.735 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.735 - Violation as Felony; Penalty; Enforcement.

339.735 Violation as felony; penalty; enforcement.Sec. 735.  (1) A person who violates section 723(1) through (4) is guilty of a felony punishable by a fine of not more than $25,000.00, or imprisonment for not more than 5 years, or both.  (2) The attorney general or the prosecuting attorney of a county may bring an action in a court of competent jurisdiction to enforce this section and section 601. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 ;-- Am. 2005, Act 278, Imd. Eff. Dec. 19, 2005 Popular Name: Act 299
MI Comp L § 339.736 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 7 - (339.701...339.736)|Section 339.736 - Issuance of Audit Report; Opinion as to Whether Financial Information Is Presented According to Statutory Accounting Principles.

339.736 Issuance of audit report; opinion as to whether financial information is presented according to statutory accounting principles. Sec. 736.  If requested by an insurer, a licensee who agrees to issue an audit report concerning the statutory financial statements of a domestic insurer shall include an opinion as to whether the financial information is presented according to statutory accounting principles as prescribed or permitted by the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302, or orders issued or rules promulgated under that act. An opinion issued pursuant to this section may be separate from the audit report if the letter of engagement provides that the opinion be available for general distribution. History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299
MI Comp L § 339.801-339.814 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 8 - (339.801...339.814)|Section 339.801-339.814 - Repealed. 2004, Act 403, Eff. Feb. 20, 2004.

339.801-339.814 Repealed. 2004, Act 403, Eff. Feb. 20, 2004. Compiler's Notes: The repealed sections pertained to creation of athletic board of control and regulation of boxing matches and contests.Popular Name: Act 299
MI Comp L § 339.902 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.902 - Collection Practices Board; Creation.

339.902 Collection practices board; creation. Sec. 902.  A collection practices board is created. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
MI Comp L § 339.903 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.903 - Pretended Purchase or Assignment of Account; Applicability of Article.

339.903 Pretended purchase or assignment of account; applicability of article. Sec. 903.  This article applies to a person who, by a device, subterfuge, or pretense, makes a pretended purchase or takes a pretended assignment of an account from another person to evade this article. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
MI Comp L § 339.904 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.904 - Collection Agency; License Required for Each Place of Business; Exceptions to Licensing Requirement of Subsection (1); Qualifications of Applicant.

339.904 Collection agency; license required for each place of business; exceptions to licensing requirement of subsection (1); qualifications of applicant. Sec. 904.  (1) Except as otherwise provided in this article, a person shall not operate a collection agency or commence in the business of a collection agency without first applying for and obtaining a license under this article from the department for each place of business.  (2) A person is not subject to the licensing requirement of subsection (1) if the person's collection activities in this state are limited to interstate communications. This subsection does not exempt a person from other requirements of law that regulate collection practices.  (3) The department may require financial statements, references, or other information it considers necessary to determine the qualifications of the applicant, including but not limited to, the names, addresses, and references of each member of a partnership or of each officer, director, or shareholder holding 10% or more of the outstanding shares of the agency.  (4) Each individual, partner of a partnership, or officer or director of a corporation that is an applicant shall be not less than 18 years of age, be of good moral character, and have the financial responsibility, reputation, and experience such as to command the confidence of the community and to warrant the belief that the business will be operated lawfully, honestly, and fairly. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1988, Act 463, Eff. Sept. 1, 1989 ;-- Am. 1994, Act 143, Eff. Mar. 30, 1995 Popular Name: Act 299
MI Comp L § 339.905 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.905 - Repealed. 1988, Act 463, Eff. Sept. 1, 1989.

339.905 Repealed. 1988, Act 463, Eff. Sept. 1, 1989. Compiler's Notes: The repealed section pertained to licensing of collection agency.Popular Name: Act 299
MI Comp L § 339.906 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.906 - Collection Agency; License Nontransferable; Notification of Changes in Corporate Structure, Partnership, Name, or Address.

339.906 Collection agency; license nontransferable; notification of changes in corporate structure, partnership, name, or address. Sec. 906.  A collection agency license is not transferable to another person or location. Notification of changes in the corporate structure, partnership, name, or address shall be submitted in writing within 30 days after the date of the change. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1988, Act 463, Eff. Sept. 1, 1989 Popular Name: Act 299
MI Comp L § 339.907 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.907 - Corporate Surety or Cash Bond; Action on Bond; Aggregate Liability; Cancellation of Bond.

339.907 Corporate surety or cash bond; action on bond; aggregate liability; cancellation of bond. Sec. 907.  The department shall require a collection agency to file and maintain in force for each license a corporate surety or a cash bond conditioned upon the faithful accounting of all money collected upon accounts entrusted to the collection agency in a form prescribed by the department in a sum the department considers necessary, but for not less than $5,000.00 nor more than $50,000.00. The bond shall be for the benefit of a person damaged by the wrongful taking of money collected by the agency or failure of the collection agency to report or remit proceeds of collections made. A person injured may bring an action upon the bond. The aggregate liability to all injured persons shall not exceed the sum of the bond. The surety on the bond shall have the right to cancel the bond upon giving 30 days' written notice to the department and after that date shall be relieved of liability for a breach of condition occurring after the effective date of the cancellation. An action on a bond shall not be commenced after the expiration of 1 year from the effective date of cancellation of the bond. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 Popular Name: Act 299
MI Comp L § 339.908 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.908 - “Owner Manager” Defined; Personal Supervision of Collection Agency by Licensed Collection Agency Manager or Owner Manager; Notice; Limitation.

339.908 “Owner manager” defined; personal supervision of collection agency by licensed collection agency manager or owner manager; notice; limitation. Sec. 908.  (1) As used in this section, "owner manager" means a person who does all of the following:  (a) Obtains a license under section 904 as an individual, a partner in a partnership, or an officer of a corporation.  (b) Meets all the requirements specified in section 911(2).   (c) Personally supervises an office of the collection agency for which he or she obtains a license under section 904.  (2) A collection agency shall not engage in the collection agency business unless each collection agency office is under the personal supervision of a licensed collection agency manager or an owner manager. An owner manager shall not be required to be licensed as a collection agency manager. An out of state collection agency which initiates collection activity from within this state shall be required to be under the personal supervision of a licensed collection agency manager or owner manager.  (3) A collection agency shall notify the department in writing of the person responsible for the operation of each office. The notification shall be made not more than 30 days after the person assumes the responsibility.  (4) A person shall not personally supervise more than 1 office. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1984, Act 20, Imd. Eff. Mar. 6, 1984 Popular Name: Act 299
MI Comp L § 339.909 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.909 - Separate Trust Account; Maintenance by Collection Agency; Designation as Trust Account; Disbursements and Withdrawals.

339.909 Separate trust account; maintenance by collection agency; designation as trust account; disbursements and withdrawals. Sec. 909.  (1) A collection agency shall maintain a separate trust account in which all money collected under this article by the collection agency shall be deposited within 3 banking days after receipt. The trust account shall be established in 1 of the following institutions:  (a) A state or nationally chartered bank.  (b) A state or federally chartered savings and loan association or savings bank.  (c) A state or federally chartered credit union.  (2) A collection agency that is located in this state shall maintain its trust account in this state. A collection agency that is located in any other state may maintain its trust account in this state or in the state in which the collection agency is located provided that the account is maintained solely for money collected under this article.  (3) The trust account shall be identified and distinguished from the collection agency's personal or general checking or other depository account and shall be designated as a trust account. The trust account shall always contain sufficient funds to pay money due or owing to the client less money owed to the licensee by the client. Except as provided in this section, a disbursement may not be made from the account except to a client for money owed to the client or to pay costs advanced for a client. Periodically, the collection agency may withdraw from the trust account money that has accrued to the collection agency from a collection deposited or from an adjustment resulting from costs advanced and payments made directly to clients. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1996, Act 151, Imd. Eff. Mar. 25, 1996 Popular Name: Act 299
MI Comp L § 339.911 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.911 - Collection Agency Manager's License or Collection Agency License; Requirements.

339.911 Collection agency manager's license or collection agency license; requirements. Sec. 911.  The department shall issue a collection agency manager's license or a collection agency license to an individual who meets all of the following requirements:  (a) Has a high school diploma or demonstrates to the satisfaction of the department that the applicant possesses the equivalent of a high school education.  (b) Has had at least 6 months of full-time experience in the collection of accounts.  (c) Has passed the examination approved by the department.  (d) Is at least 18 years of age.  (e) Is of good moral character. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1988, Act 463, Eff. Sept. 1, 1989 Popular Name: Act 299
MI Comp L § 339.912 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.912 - Applicant for Collection Agency Manager's License; Written Examination.

339.912 Applicant for collection agency manager's license; written examination. Sec. 912.  An applicant for a collection agency manager's license shall take a written examination developed by the department to test the applicant's knowledge of the collection agency business, collection practices, customs and ethics, and the laws and rules relating to the operations of collection agencies. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1996, Act 151, Imd. Eff. Mar. 25, 1996 Popular Name: Act 299
MI Comp L § 339.913 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 9 - (339.901...339.920)|Section 339.913 - Collection Agency Manager's License; Display.

339.913 Collection agency manager's license; display. Sec. 913.  A collection agency manager's license shall be displayed on the premises where licensed business or activity is conducted. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1988, Act 463, Eff. Sept. 1, 1989 Popular Name: Act 299