Sec. 7. (a) Except as provided in subsection (b), a person that fails to:
(1) apply for the registration of, or transfer a registration to, a vehicle;
(2) provide full payment for the registration of a vehicle; or
(3) both:
(A) apply for the registration of, or transfer a registration to, a vehicle; and
(B) provide full payment for the registration of a vehicle;
as required under this chapter is subject to the penalties and interest imposed under IC 6-8.1-10.
(b) A person that fails to:
(1) apply for the registration of, or transfer a registration to, a vehicle;
(2) provide full payment for the registration of a vehicle; or
(3) both:
(A) apply for the registration of, or transfer a registration to, a vehicle; and
(B) provide full payment for the registration of a vehicle;
as required under IC 9-18-2-4.6 (before its expiration) or IC 9-18.1-13-3 is subject to the administrative penalty imposed under IC 9-18.1-11-5.
(c) An administrative penalty collected under subsection (b) shall be deposited as follows:
(1) Before July 1, 2024, in the commission fund.
(2) After June 30, 2024:
(A) Ten percent (10%) in the commission fund.
(B) Ninety percent (90%) in the motor carrier regulation fund.