(1) The party named in the complaint shall file a formal, written, verified answer within ten days from the date the board mailed notice of finding of probable merit.
(2) One copy of the answer shall be served on the complainant, and the original, with proof of due service and five copies, shall be filed with the board.
(3) The answer shall include a specific admission, denial, or explanation of each allegation in the complaint.
(4) If the party charged fails to file a timely answer, the board may consider it an admission of material facts and waiver of a hearing.