(a) Except as provided by Subsection (b), an owner of an assembled vehicle shall apply for a title for the vehicle and register the vehicle as provided by Chapters 501 and 502, as applicable, and in accordance with rules adopted under this chapter, regardless of whether the assembled vehicle was built or assembled using a vehicle that was previously titled in this state or another jurisdiction.
(b) An assembled vehicle may not be titled or registered in this state if the vehicle:
(1) is built or assembled from the merging of two or more vehicle classes, provided that component parts from the following vehicle classes may be interchanged:
(A) two-axle, four-tire passenger cars;
(B) two-axle, four-tire pickups, panels, and vans; and
(C) six-tire dually pickups, of which the rear tires are dual tires;
(2) uses the frame or body of a nonrepairable motor vehicle, as defined by § 501.091;
(3) contains any electrical or mechanical components from a flood-damaged vehicle;
(4) is designed for off-highway use only;
(5) is designed by the manufacturer for on-track racing only;
(6) has been stripped to the extent that the vehicle loses its original identity; or
(7) uses any parts that do not meet federal motor vehicle safety standards, if standards have been developed for those parts.