Reconsideration

In the absence of appeal and within ten

(10)days after mailing or delivery of notice of decision made pursuant to §§ 7207 and 7215 to the parties entitled thereto, the Director of Labor may, for good cause, on his own motion or upon application of any interested party reconsider the decision. Upon an application for reconsideration the Director shall promptly reconsider the decision or, upon his own motion transfer the application to the appeal board. Upon transfer the application shall be deemed to constitute an appeal from the Director’s decision as of the date of the application.