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 30 calendar days of the applicant’s receipt of the denial notice, or in the case of a sponsor, within 30 calendar days of the receipt of the notice of suspension or revocation. Any request for a hearing made after the 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.