(a) After the review of the application and all supporting materials, the Commissioner
shall either grant or deny a license. If a license is denied, the Commissioner shall notify the applicant of the denial
and inform the applicant of the deficiencies that constitute the basis for denial.
(b) If the deficiencies are resolved within 60 days after the Commissioner's notice
of denial, the applicant shall be granted a license. The applicant may be granted additional time to remedy the deficiencies in its application. A request for an extension of time shall be made in writing by the applicant within
30 days after notice of denial by the Commissioner. If the requirements of this Article have not been met, the application shall be
withdrawn or denied.
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