(a) Petitions to the Savings and Loan Association Board for rehearing of any board decision must be:

1. (1) Filed with the Supervisor of Savings and Loan Associations within thirty (30) days of the board’s decision; and
2. (2) Accompanied by a brief setting forth the grounds therefor.

(b)

1. (1) Any party to the proceeding opposing the petition for rehearing shall have ten (10) days after service of the petition for rehearing in which to file the reply brief.
2. (2) Petitions for rehearing and briefs not filed within the time fixed will not be considered.

3. (3)

   1. (A) Applications for extension of time to file briefs must be made to the supervisor in writing prior to the expiration of the time.
   2. (B) The extension may be granted by the supervisor in his or her discretion for good cause shown.