(a) Where approval has been withheld, denied, or conditionally granted, the principal may request reconsideration by the Review Committee. Such request shall be made in writing, within 30 days of receipt of the notice of such action, addressed to the Review Committee. It may contain such supporting material as principal desires; or
(b) The principal may file a request for a hearing before a Hearing Officer as provided in Sec. 200.243. Such request for a hearing shall be made in writing within 30 days from the date of receipt of the determination.