I. The historic commission district shall file a certificate of approval or a notice of disapproval pursuant to N.H. Rev. Stat. § 676:8, III within 45 days after the filing of the application for the certificate, unless the applicant agrees to a longer period of time.
II. No building permit shall be issued until a certificate of approval has been filed with the building inspector; but, in the case of disapproval, notice of disapproval shall be binding upon the building inspector or other duly delegated authority, and no permit shall be issued.

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III. Failure to file the certificate within the specified period of time shall constitute approval by the commission.