(a) The comptroller shall:
(1) review the application, organizational documents, and business history of each applicant; and
(2) ensure that the applicant satisfies the requirements of this chapter.
(b) Not later than the 30th day after the date an application is filed, the comptroller shall:
(1) issue the certification; or
(2) refuse to issue the certification and communicate in detail to the applicant the grounds for the refusal, including suggestions for the removal of those grounds.