(a) The title for an assembled vehicle that has never been titled in this state or any other jurisdiction must:
(1) list the owner of the assembled vehicle as the purchaser;
(2) contain the notation "NONE" in the space for the seller's name;
(3) list the municipality and state in which the vehicle was completed in the space for the seller's municipality and state; and
(4) contain the odometer reading and the notation "NOT ACTUAL MILEAGE".
(b) Except as provided by Subsection (a), a title issued for an assembled vehicle must contain all of the information required under Section 501.021.