(a) The board by rule shall establish procedures and requirements for:
(1) issuance of a title for an assembled vehicle; and
(2) registration of an assembled vehicle.
(b) Rules adopted under Subsection (a):
(1) may not exclude a type of assembled vehicle, other than an assembled vehicle described by Section 731.051(b), from eligibility for title and registration;
(2) must establish the form of a title issued for an assembled vehicle; and
(3) must exempt an assembled vehicle or a type of assembled vehicle from any provision of Chapter 501 or 502 that an assembled vehicle or type of assembled vehicle, by its nature, cannot comply with or otherwise meet the requirements of.