(a) Except as provided by Subsection (c), the transferor of a motor vehicle transferred in this state shall provide to the transferee a disclosure of the vehicle's odometer reading at the time of the transfer in compliance with 49 U.S.C. Section 32705.
(b) When application for a title is made, the transferee shall record the odometer reading on the application. The disclosure required by Subsection (a) must accompany the application.
(c) An odometer disclosure statement is not required for the transfer of a motor vehicle that is exempt from odometer disclosure requirements under 49 C.F.R. Part 580.
(d) The department shall provide for use consistent with 49 C.F.R. Part 580:
(1) a secure power of attorney form; and
(2) a secure reassignment form for licensed motor vehicle dealers.
(e) In this section, "transferee" and "transferor" have the meanings assigned by 49 C.F.R. Section 580.3.