If a dispute is denied by the Commissioner, how long does the applicant have to request a hearing?

The correct answer is based on the regulatory framework governing mortgage lending in California. When a dispute or application is denied by the Commissioner, the applicant has a specific time frame to request a hearing to contest that decision. This period is established to ensure that applicants have a clear and reasonable opportunity to address their grievances in an official manner.

In California, the law stipulates that an applicant has 30 days from the date of the denial to formally request a hearing. This 30-day window is crucial as it allows the applicant to prepare their case and gather any necessary information or documentation to support their request for reconsideration.

Understanding this time frame is important for applicants in the mortgage lending process, as missing this deadline could forfeit their opportunity to challenge the decision. The other options, while plausible in different contexts or jurisdictions, do not reflect the specific statutory requirement outlined in California's mortgage lending regulations.