After an applicant for a license files a complete application, files a surety bond, and pays the license and investigation fees required under this subtitle, the Commissioner shall investigate the facts relevant to the application to determine if the applicant meets the requirements of this subtitle. Unless the Commissioner notifies an applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a license within 60 days after the date on which the complete application is filed, the surety bond is filed, and the fees are paid. The Commissioner shall issue a license to any applicant that meets the requirements of this subtitle. If an applicant does not meet the requirements of this subtitle, the Commissioner: Subject to the hearing provisions of § 12–927 of this subtitle, shall deny the application; Shall notify the applicant immediately of the denial; Shall refund the license fee; and Shall keep the investigation fee. Within 30 days after the Commissioner denies an application, the Commissioner shall send a written notice to the applicant stating the reasons for the denial. The notice shall be sent by United States mail, e–mail, or any means provided through NMLS to the address listed in the application.