All payments at public auctions must be in the form of a cashier’s check, money order, personal check or company check. A letter of guarantee from the issuing bank must accompany personal and company checks at the time of registration. Letters of guarantee must state that the bank will guarantee payment up to a specific amount. Personal or company checks are unacceptable otherwise. There is reasonable time after the conclusion of the sale for parties to acquire a cashier’s check or money order for the amount of their purchases.