(a) Except as otherwise provided by law, the Securities Commissioner may, for good cause shown, extend any time limit prescribed or allowed by:

1. (1) The Fair Mortgage Lending Act, Arkansas Code § 23-39-501 et seq.;
2. (2) This part; or
3. (3) Any notice or order issued in a contested case, hearing, or other proceeding.

(b) In determining whether to grant an extension of time, the commissioner may consider:

1. (1) Prior continuances or extensions of time;
2. (2) The interests of all parties;
3. (3) The likelihood of informal settlements;
4. (4) The existence of an emergency;
5. (5) Any objection;
6. (6) Any applicable time requirement;
7. (7) The existence of a conflict of the schedules of attorneys, parties, or witnesses;
8. (8) The time limits of the request; and
9. (9) Other relevant factors.

(c)

1. (1) Any party may request an extension of time via a motion.
2. (2) The commissioner may grant an extension of time once notice and opportunity to respond is afforded to all parties.
3. (3) The commissioner may grant extensions of time on his or her own motion.

(d)

1. (1) Requests for extensions of time, other than motions for continuances, must be made as soon as practicable and, except in cases of emergencies, no later than five (5) days prior to the date noticed for the hearing.
2. (2) The commissioner may require documentation of any grounds for extensions.