The commission may take action on an application requiring public notice at a regular meeting, without holding a contested case hearing, provided:(1) at least 30 days prior to the regular meeting at which action is taken, notice of the application has been given by publication and by mail and:(A) no person has requested a contested case hearing within 30 days of the publication of notice or within any extension of that period authorized by the commission; or(B) the commission has denied all timely filed hearing requests for failing to meet applicable requirements; and(2) no commissioner has submitted a request for a contested case hearing within the 30-day period after publication of the notice or requests a contested case hearing at the regular meeting of the commission at which action on the application could be taken according to such notice.