; and (C) retain such assessment and provide it to the Federal Trade Commission as soon as reasonably practicable, but in no event more than 30 business days, after the Federal Trade Commission requests the assessment. (c) Consideration of applications and expedited response (1) Timing The Federal Trade Commission shall act by approving or denying applications submitted pursuant to this section within 60 days of the submission, and shall set forth in writing its conclusions with regard to such requests. (2) Additional information The Federal Trade Commission may request that an applicant provide additional information that is reasonably related to one or more of the application elements enumerated in subsection (b), including by requesting that the applicant submit supplemental materials, answer questions in writing, or appear in person before the Commissioners or their designee. (3) Deemed registration An application that has not been acted upon by the Federal Trade Commission within 60 days of submission shall be deemed as approved and the person shall be registered as an authorized credit services provider. (4) Extension of time for additional information If the Federal Trade Commission requests additional information pursuant to paragraph (2), the applicant shall have up to 30 days to respond in writing or appear before the Commission as requested. The Commission shall then have an additional 30 days to act upon such response, and if not acted upon within 30 days, the application shall be deemed as approved and the person shall be registered as an authorized credit services provider. In no event shall the status of an application remain unresolved beyond 120 days from the date of its original submission. (d) Revocation (1) In general The Federal Trade Commission shall have the authority to rescind a person’s registration that was issued under this section if the Commission determines that the person has failed to comply with the obligations and standards set forth in this Act. (2) Opportunity to cure defects