When a bonded title transaction is received by a state revenue office, the transaction should be examined to ensure that:

1. (1) The cash bond, corporate surety bond, certificate of deposit with assignment or irrevocable letter of credit, or personal bond has been issued for an amount equal to or exceeding the amount determined by the Department of Finance and Administration;
2. (2) The bond is effective for a period of three (3) years from the date of issuance;
3. (3) The application for bonded title has been made within thirty (30) days from the effective date of the bond;
4. (4) An application presented more than thirty (30) days after the effective date of the bond shall not be accepted; and
5. (5) The all-terrain vehicle description (year, make, model, all-terrain vehicle identification number, body style) reflected on the application matches the all-terrain vehicle description reflected on the bond.