(1) Upon presentation of a petition for registration, the Auditor shall have three (3) days, excepting Saturdays, Sundays and holidays, within which to determine whether the petition is in proper form. If the petition shall be in proper form, the Auditor shall so notify the sponsor by certified mail, at the address given by the sponsor in the petition. The notification shall include the ballot title, as prepared by the Prosecuting Attorney and the Auditor. If the petition shall not be in proper form, the Auditor shall return the petition to the sponsor, by certified mail, with a detailed explanation of the defect(s) in the petition as presented. If the petition is in proper form, the Auditor shall assign a serial number to the petition, which shall thereafter be a part of the ballot title.

(2) The Auditor shall maintain a record of all documents filed under any of the provisions of this chapter and shall also maintain a chronological index thereof. The Auditor shall issue receipts for all documents received.