Within 30 days after the first meeting of the Commission after submission of a completed application, the Commission shall notify an applicant in writing: whether the application for a license is approved or denied; and of the reasons for denial, if the application is denied. If the application is denied, the applicant, within 10 days after the notice of denial is mailed, may request a hearing. 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. The Commission shall make a decision within a reasonable time, but not later than 60 days after the hearing.