(a) On application and payment of the required fee, the Administration may issue a temporary in-transit registration to allow a nonresident owner of a vehicle to operate the vehicle on a highway in the State only for the purpose of transporting the vehicle to a jurisdiction outside the State in which the vehicle is to be titled and registered.

(b) An application for a temporary in-transit registration may be made only:

(1) By a nonresident owner of a vehicle; and

(2) On the form the Administration requires.

(c) A temporary in-transit registration may be issued for a period determined by the Administration.

(d) The fee for a temporary in-transit registration shall be established by the Administration.

(e) (1) The Administration or a licensed title service agent may issue a temporary in-transit registration.

(2) A temporary in-transit registration may be issued only after the vehicle owner has furnished to the Administration or title service agent proof of identity, vehicle ownership, and insurance.

(3) The Administration or a title service agent may not issue more than one temporary in-transit registration for each vehicle sales transaction.

(f) The Administration shall adopt regulations to carry out this section.