(a) Within 30 days after the first meeting of the Commission after submission of a completed application, the Commission shall notify an applicant in writing:

(1) whether the application for a license is approved or denied; and

(2) of the reasons for denial, if the application is denied.

(b) (1) If the application is denied, the applicant, within 10 days after the notice of denial is mailed, may request a hearing.

(2) The hearing shall be held in accordance with § 8-312 of this subtitle within 30 days after the date that the Commission receives the request.

(3) The Commission shall make a decision within a reasonable time, but not later than 60 days after the hearing.