No sponsor approval shall be denied, nor shall any sponsor be suspended or revoked by the Department, without the opportunity for a hearing held in accordance with Part 127 of the Commissioner's Regulations and at such time and place as the Commissioner shall prescribe. A request for a hearing must be in writing and made within thirty (30) calendar days of the applicant's receipt of the denial notice, or in the case of a sponsor, within thirty (30) calendar days of the receipt of the notice of suspension or revocation. Any request for a hearing made after the thirty (30) calendar day deadline will not be considered. If such written request for a hearing is timely made, the imposition of any suspension or revocation will be stayed pending completion of the hearing by the Department. The Department may, however, issue a suspension pending the completion of the hearing by the Department as provided for in Part 127.3 of the Commissioner's Regulations.
N.Y. Comp. Codes R. & Regs. Tit. 15 § 10.13