reglab/housing_qa huggingface dataset:
MD. Business Occupations and Professions Code Ann. §  2-403 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-403 - Qualifications of Applicants -- Corporations

    (a)    To qualify for a permit, a corporation shall meet the requirements of this section.    (b)    The corporation shall meet the applicable requirements of the Maryland Professional Service Corporation Act or of the comparable law in another state.    (c)    The corporation shall:        (1)    have at least a simple majority of the officers, shareholders, members, or managers, in terms of financial interest and voting rights, be licensed in a state;        (2)    (i)    have a permanent office in the State from which an individual is  licensed to practice certified public accountancy; or            (ii)    have at least a simple majority of the officers, shareholders, members, or managers retain a principal place of business in this State;        (3)    hold a valid license issued under § 2–301 of this title; and        (4)    comply with regulations adopted by the Board.    (d)    An individual who is not licensed to practice certified public accountancy in this State or another state may have an ownership interest in the corporation if:        (1)    a simple majority of the ownership of the corporation, in terms of financial interests and voting rights, is held by individuals licensed to practice certified public accountancy in this or another state;        (2)    the individual is an active participant in the corporation or affiliated entities;        (3)    the corporation submits to the Board the name of a licensee of this State, or, if applicable, a licensee of another state with a practice privilege in this State who is responsible for the registration of the corporation; and        (4)    the corporation complies with any other requirements that the Board imposes.
MD. Business Occupations and Professions Code Ann. §  2-404 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-404 - Application Form; Requirements

    (a)    An applicant for a permit shall:        (1)    submit to the Board an application on the form that the Board provides; and        (2)    pay to the Board a nonrefundable application fee set by the Board.    (b)    In addition to any other information required on an application form, the form shall require:        (1)    for a partnership applicant, a list of each partner who practices or who intends to practice certified public accountancy in the State;        (2)    for a limited liability company, a list of each member who practices or who intends to practice certified public accountancy in the State; and        (3)    for a corporate applicant, a list of all of the shareholders of the corporation.
MD. Business Occupations and Professions Code Ann. §  2-405 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-405 - Issuance of Permit

    (a)    If an applicant qualifies for a permit under this subtitle, the Board shall mail or electronically transmit to the applicant a notice that states that:        (1)    the applicant has qualified for a permit; and        (2)    on receipt of a permit fee set by the Board, the Board will issue a permit to the applicant.    (b)    On payment of the permit fee, the Board shall issue a permit to each applicant that meets the requirements of this subtitle.
MD. Business Occupations and Professions Code Ann. §  2-406 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-406 - Scope of Permit

    (a)    Subject to subsection (b) of this section and while a permit is in effect, it authorizes the holder to:        (1)    operate a business through which an individual practices certified public accountancy; and        (2)    represent to the public that the business provides the services of a licensed certified public accountant.    (b)    A permit authorizes the holder to provide a service that constitutes practicing certified public accountancy only if the service is performed by an individual who is licensed or otherwise authorized under this title to practice.    (c)    A firm may use the title “CPA” or “CPA firm” without a permit issued under this section if the firm is performing other professional services that do not require a permit if:        (1)    the firm performs those services through an individual with a practice privilege under § 2–321 of this title; and        (2)    the firm performs those services in the state where the individual with a practice privilege retains a principal place of business.
MD. Business Occupations and Professions Code Ann. §  2-407 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-407 - Term and Renewal of Permit

    (a)    Unless a permit is renewed for a 2–year term as provided in this section, the permit expires on the first December 31 that comes:        (1)    after the effective date of the permit; and        (2)    in an even–numbered year.    (b)    (1)    At least 1 month before a permit expires, the Board shall mail or electronically transmit to the permit holder:            (i)    a renewal application form; and            (ii)    a notice that states:                1.    the date on which the current permit expires; and                2.    the amount of the permit fee.        (2)    If an electronic transmission under paragraph (1) of this subsection is returned to the Board as undeliverable, the Board shall mail to the permit holder, at the last known address of the permit holder, the materials required under paragraph (1) of this subsection within 10 business days of the date the Board received the notice that the electronic transmission was undeliverable.    (c)    Before a permit expires, the permit holder periodically may renew it for an additional 2–year term, if the holder:        (1)    otherwise is entitled to a permit;        (2)    pays to the Board a permit fee set by the Board; and        (3)    submits to the Board a renewal application on the form that the Board provides.    (d)    The Board shall renew the permit of each permit holder who meets the requirements of this section.
MD. Business Occupations and Professions Code Ann. §  2-408 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-408 - Notice of Change in Name or Composition

    (a)    Within 1 month after the change or occurrence, a partnership that holds a permit shall give to the Board written notice of:        (1)    a change in the name of the partnership;        (2)    the admission of any partner who practices or intends to practice certified public accountancy in the State;        (3)    the death of any partner who practiced certified public accountancy in the State; and        (4)    the withdrawal of any partner who practiced certified public accountancy in the State.    (b)    Within 1 month after the change or occurrence, a limited liability company that holds a permit shall give to the Board written notice of:        (1)    a change in the name of the limited liability company;        (2)    the admission of any member who practices or intends to practice certified public accountancy in the State;        (3)    the death of any member who practiced certified public accountancy in the State; and        (4)    the withdrawal of any member who practiced certified public accountancy in the State.    (c)    Within 1 month after the change or occurrence, a corporation that holds a permit shall give to the Board written notice of:        (1)    a change in the name of the corporation;        (2)    the death of any stockholder; and        (3)    a change in stockholders.
MD. Business Occupations and Professions Code Ann. §  2-409 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-409 - Use of Partnership Name by Surviving Partner

    The surviving partner of a partnership that holds a permit may use the partnership name for 1 year after the death of the next to the last partner.
MD. Business Occupations and Professions Code Ann. §  2-410 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-410 - Denials, Reprimands, Suspensions, and Revocations -- Grounds; Permit Certificate; Penalty

    (a)    Subject to the hearing provisions of § 2–412 of this subtitle, the Board, on the affirmative vote of a majority of its members, may deny a permit to any applicant, reprimand a permit holder, or suspend or revoke a permit:        (1)    for any applicable ground under § 2–315 of this title;        (2)    if the applicant or permit holder fraudulently or deceptively obtains or attempts to obtain a permit;        (3)    if the applicant or permit holder fraudulently or deceptively uses a permit;        (4)    if the applicant or permit holder fails to meet or continue to meet the qualifications or requirements set forth under § 2–402 or § 2–403 of this subtitle; or        (5)    if the applicant or permit holder has a partner, member, or corporate officer whose license has been suspended or revoked by the Board.    (b)    On suspension or revocation of a permit, the holder shall surrender to the Board the permit certificate of the holder.    (c)    At the end of a suspension period, the Board shall return to the permit holder the permit certificate surrendered under this section.    (d)    (1)    Instead of or in addition to reprimanding the permit holder or suspending or revoking a permit under this subsection, the Board may impose a penalty not exceeding $5,000 for each violation.        (2)    To determine the amount of the penalty imposed under this subsection, the Board shall consider:            (i)    the seriousness of the violation;            (ii)    the harm caused by the violation;            (iii)    the good faith of the permit holder; and            (iv)    any history of previous violations by the permit holder.    (e)    The Board shall pay any penalty collected under this subsection into the General Fund of the State.
MD. Business Occupations and Professions Code Ann. §  2-411 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-411 - Denials, Reprimands, Suspensions, and Revocations -- Commencement of Proceedings

    On its own initiative or on a written complaint made to the Board by any person, the Board may commence proceedings under § 2-410 of this subtitle.
MD. Business Occupations and Professions Code Ann. §  2-412 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-412 - Denials, Reprimands, Suspensions, and Revocations -- Hearings

    (a)    Except as otherwise provided in § 10-226 of the State Government Article, before the Board takes any final action under § 2-410 of this subtitle, it shall give the person against whom the action is contemplated an opportunity for a hearing before the Board.    (b)    The Board shall give notice and hold the hearing in accordance with Title 10, Subtitle 2 of the State Government Article.    (c)    The Board may administer oaths in connection with any proceeding under this section.    (d)    (1)    The Board may issue a subpoena for the attendance of a witness to testify or the production of evidence in connection with any proceeding under this section.        (2)    If a person fails to comply with a subpoena issued under this subsection, on petition of the Board, a circuit court may compel compliance with the subpoena.    (e)    If, after due notice, the person against whom the action is contemplated fails or refuses to appear, nevertheless the Board may hear and determine the matter.
MD. Business Occupations and Professions Code Ann. §  2-413 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-413 - Limitations on Expiration and Surrender of Permit

    (a)    (1)    For the limited purpose set forth in paragraph (2) of this subsection, a permit shall remain in effect and may not expire by operation of law while the permit holder is under investigation by the Board or awaiting a hearing or disposition on charges subject to disciplinary action under this subtitle.        (2)    Any extension of a permit term caused under this subsection is effective only for the purpose of retaining the jurisdiction of the Board over the permit holder during the course of disciplinary proceedings and does not prevent the permit from expiring for any other purpose.    (b)    Unless the Board agrees to accept the surrender, a permit holder may not surrender a permit while the holder is under investigation or awaiting a hearing or disposition on charges subject to disciplinary action under this subtitle.
MD. Business Occupations and Professions Code Ann. §  2-414 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-414 - Reinstatement of Revoked or Suspended Permit

    (a)    Subject to the provisions of this section, the Board may reinstate:        (1)    any permit that has been revoked; or        (2)    before fulfillment of the conditions of the suspension, any permit that has been suspended.    (b)    A permit may be reinstated under this section only if:        (1)    the partnership, limited liability company, or corporation whose permit has been revoked or suspended submits a written request to the Board;        (2)    the Board holds a hearing on the request;        (3)    the Board, by an affirmative vote of a majority of its members, votes to reinstate the permit; and        (4)    the partnership, limited liability company, or corporation pays to the Board a reinstatement fee set by the Board.
MD. Business Occupations and Professions Code Ann. §  2-415 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-415 - Continual Compliance With Permit Requirement

    After the Board issues a permit, the permit holder shall continue to comply with the respective requirements of § 2-402 or § 2-403 of this subtitle.
MD. Business Occupations and Professions Code Ann. §  2-416 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4 - Permits|Section 2-416 - Reinstatement of Expired Firm Permit; Fee

    In accordance with its regulations, the Board may reinstate the permit of a firm that has failed to renew the permit for any reason if the firm:        (1)    otherwise is entitled to a permit; and        (2)    pays to the Board a reinstatement fee set by the Board.
MD. Business Occupations and Professions Code Ann. §  2-4A-01 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4A - Peer Review|Section 2-4A-01 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Engagement review” means a peer review that evaluates whether there is a reasonable basis for expressing limited assurance that:        (1)    financial statements with which the individual or firm is associated conform in all material respects with professional standards; and        (2)    reports and internal documentation of the work performed by the individual or firm conform with professional standards.    (c)    “Fail” means, in connection with a report of a peer reviewer, one or more significant deficiencies in performing or reporting in conformity with professional standards in the individual or the firm being reviewed.    (d)    “Peer review” means a study, appraisal, or review of one or more aspects of the professional work of an individual or firm performed by a person licensed as a certified public accountant.    (e)    “Report indicating pass with deficiencies” means a report of a peer reviewer that indicates one or more deficiencies in performing or reporting in conformity with professional standards in the individual or firm being reviewed.    (f)    “Review” means the analysis of a financial statement that:        (1)    is performed in accordance with the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants; and        (2)    provides a licensee with a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the statement in order for it to be in accordance with generally accepted accounting principles, or, if applicable, with any other comprehensive basis of accounting.    (g)    “System review” means a peer review evaluating whether there is reasonable assurance that:        (1)    the system of quality control of the individual or firm being reviewed is designed and operated in such a manner as to meet professional standards;        (2)    financial statements with which the licensee or firm is associated conform in all material respects with professional standards; and        (3)    reports and internal documentation of the work performed by the licensee or firm conform with professional standards.
MD. Business Occupations and Professions Code Ann. §  2-4A-02 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4A - Peer Review|Section 2-4A-02 - Peer Reviews Authorized for Providers of Certain Services

    (a)    (1)    A licensee or permit holder who performs any of the services described in § 2-4A-04 of this subtitle shall be required to undergo, at least once every 3 years, a peer review.        (2)    The Board may modify the peer review requirement for a licensee or permit holder upon a showing of good cause.    (b)    A peer review shall be performed and recorded in accordance with standards no less stringent than those set forth in the standards for performing and reporting on peer reviews of the American Institute of Certified Public Accountants.    (c)    The Board must approve a peer review program other than the peer review program of the American Institute of Certified Public Accountants prior to its use to satisfy the requirements of this section.    (d)    A licensee or permit holder shall affirm under the penalties of perjury on a standard form provided by the Board compliance with the peer review requirement at the time of license or permit renewal.
MD. Business Occupations and Professions Code Ann. §  2-4A-03 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4A - Peer Review|Section 2-4A-03 - Compliance With Three-Year Review Requirement Mandatory on Providing Certain Services

    (a)    A licensee or permit holder who provides services requiring peer review on or after October 1, 2005, shall comply with the peer review requirement within 3 years after initiating those services.    (b)    A licensee or permit holder who provides services requiring a peer review and who submits a renewal application after October 1, 2008, shall affirm under the penalties of perjury on a standard form provided by the Board completion of the licensee or permit holder’s most recent peer review.    (c)    If the 3-year period in subsection (a) of this section has not expired prior to the date of the license or permit renewal, and the licensee or permit holder has had no peer review within the last 3 years, the licensee or permit holder must notify the Board in writing within 30 days of the date the peer review is completed.
MD. Business Occupations and Professions Code Ann. §  2-4A-04 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4A - Peer Review|Section 2-4A-04 - System, Engagement, and Report Reviews

    (a)    A system review is required for a licensee or permit holder that performs any of the following services:        (1)    engagements governed by the Statements on Auditing Standards of the American Institute of Certified Public Accountants; or        (2)    engagements governed by the government auditing standards issued by the U.S. Government Accountability Office;        (3)    examinations of prospective financial information under:            (i)    the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants; or            (ii)    the government auditing standards issued by the U.S. Government Accountability Office; or        (4)    audits of issuers not registered with the U.S. Securities and Exchange Commission that are performed under standards of the Public Company Accounting Oversight Board.    (b)    An engagement review is required for a licensee or permit holder not required to have a system review that performs any of the following services:        (1)    review of historical financial statements in accordance with the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;        (2)    compilation of historical financial statements with disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;        (3)    compilation of historical financial statements that omit substantially all disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants; or        (4)    engagements performed under the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants other than the examination of prospective financial statements.
MD. Business Occupations and Professions Code Ann. §  2-4A-05 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 2 - Accountants|Subtitle 4A - Peer Review|Section 2-4A-05 - Approval, Qualifications, and Duties of Peer Reviewers

    (a)    Prior to conducting a peer review, an individual must be approved by the Board.    (b)    In order to receive approval from the Board, a peer reviewer shall:        (1)    have and maintain an active license as a certified public accountant in this or any other state;        (2)    possess a level of knowledge of applicable professional standards acceptable to the Board;        (3)    possess at least 5 years recent experience in the practice of public accounting;        (4)    have received a passing report on the most recent peer review of the prospective peer reviewer; and        (5)    complete an appropriate training course as determined by the Board.    (c)    In order to serve as a team captain of a system review, a peer reviewer must have and maintain ownership or management of a firm or comparable responsibility.    (d)    A peer reviewer shall have no connection to the licensee or permit holder being reviewed that might impair the peer reviewer’s independence.    (e)    A peer reviewer shall:        (1)    prepare a report of findings in accordance with the standards for performing and reporting on peer reviews of the American Institute of Certified Public Accountants; and        (2)    maintain the report for a period of 3 years.    (f)    A peer reviewer shall provide a copy of the report to the Board only if the licensee or permit holder being reviewed has:        (1)    been directed to take corrective action and has failed to satisfy the peer reviewer that such action has been completed in a timely manner;        (2)    received a second consecutive report indicating pass with deficiencies; or        (3)    received a failing report.    (g)    A peer reviewer shall comply with all Board regulations and directives regarding the peer review process.    (h)    The Board may revoke its approval of a peer reviewer under this section if the peer reviewer:        (1)    violates any provision of this title;        (2)    violates any regulation adopted by the Board; or        (3)    is sanctioned by any state board of accountancy or any unit of State or federal government.