Submission of additional information concerning application; approval or denial of application.

1. Not later than 21 business days after receiving an application for a license by endorsement as a covered service provider, foreclosure consultant or loan modification consultant pursuant to NAC 645F.350 , the Commissioner will provide written notice to the applicant of any additional information required by the Commissioner to consider the application. Unless the Commissioner denies the application pursuant to subsection 2, the Commissioner will approve the application and issue a license by endorsement as a covered service provider, foreclosure consultant or loan modification consultant, as applicable, to the applicant not later than: (a) Sixty days after receiving the application; (b) Fifteen days after the Commissioner receives the report from the Federal Bureau of Investigation or proof that the applicant has previously passed a comparable criminal background check within the 6 months immediately preceding the date on which the application is submitted, as required by paragraph (c) of subsection 1 of NAC 645F.350 ; or (c) If the application is for licensure as an independent licensee, 15 days after depositing with the Commissioner the surety bond required by NAC 645F.605 or a substitute form of security pursuant to NAC 645F.610 , Ê whichever occurs later. 2. The Commissioner may deny an application for licensure by endorsement submitted pursuant to NAC 645F.350 if: (a) The applicant willfully fails to comply with the requirements of paragraph (c) of subsection 1 of NAC 645F.350 ; (b) The report from the Federal Bureau of Investigation indicates that the applicant has been convicted of a crime that would be grounds for taking disciplinary action against the applicant as a licensee and the Commissioner has not previously taken disciplinary action against the applicant based on that conviction; or (c) The Commissioner finds that he or she has grounds to refuse to issue the license pursuant to NAC 645F.220 , 645F.225 or 645F.230 .