(a) The Administrative Law Judge shall prepare, within 60 days after
completion of the hearing and closing of the record, a decision on the
issues referred by the Administrator.
(b) The decision of the Administrative Law Judge shall include a
statement of findings and conclusions, with reasons and basis therefor,
upon each material issue presented on the record. The decision shall
also include an appropriate order which may affirm, deny, reverse, or
modify, in whole or in part, the determination of the Administrator. The
reason or reasons for such order shall be stated in the decision.
(c) The decision shall be served on all parties and the Secretary in
person or by certified mail. The decision when served by the
Administrative Law Judge shall constitute the final order of the
Administrator unless the Secretary, as provided for in Sec. 501.42 below
determines to review the decision.