1. Whenever an application is made to the Division for title of a manufactured home, mobile home, manufactured building or commercial coach previously titled and the applicant is unable to present the certificate of title previously issued because it is lost or being unlawfully detained by one in possession or is not otherwise available, the Division may receive the application and examine the circumstances of the case and require the filing of affidavits or other information.
2. Within 45 days after the date on which the Division receives the application and any information required pursuant to subsection 1, the Division shall:
(a) Issue to the applicant a new certificate of title for the manufactured home, mobile home, manufactured building or commercial coach if the Division is satisfied that the applicant is entitled to the certificate; or
(b) Deny the application. If the Division denies the application, the Division shall provide written notification of the denial and the reasons for the denial to the applicant within 10 days after the denial.