(a) General rule.--Except as otherwise provided in subsection (b), no certificate of title shall be required for:
(1) A boat which is not required to be registered under Subchapter A (relating to registration).
(2) A new boat which is owned by a manufacturer or registered boat dealer before and until sale.
(3) A boat owned on the effective date of this subchapter, until the boat is sold or otherwise transferred to another owner.
(4) A boat with a model year before 1997.
(5) An outboard powered motorboat of less than 14 feet in length.
(b) Limitations.--The exemptions set forth in subsection (a) shall not apply to any boat previously titled in Pennsylvania or any other state, provided that the owner of a boat titled in another state shall not be required to obtain a Pennsylvania title for such boat until it is registered in Pennsylvania or until its ownership is transferred to another person.