(1) For the purposes of assessing an application for accreditation of a TUMRA, the Authority may, in writing, request the applicant or applicants to give to the Authority specified additional information or a specified additional document.
(2) The application is taken to have been withdrawn if the additional information or document has not been provided before the end of:
(a) 20 business days after the Authority gives the request to the applicant or applicants; or
(b) if the Authority extends that period in accordance with section 253--that extended period.
(3) Despite subsection (2), the Authority may continue to consider an application that has been taken to be withdrawn under that subsection.