(a) The Office of Motor Vehicle, upon registering a vehicle, shall issue a registration certificate and a certificate of title. The registration certificate and the certificate of title shall be of a type which, as nearly as possible, prevents the document from being altered, counterfeited, duplicated, or simulated without ready detection.
(b)
(1) The registration certificate shall be delivered to the owner and shall display the date issued, the name and address of the owner, the registration number assigned to the vehicle, and the description of the vehicle as determined by the Office of Motor Vehicle.
(2) Upon the reverse side it shall contain a form for endorsement of notice to the office upon transfer of the vehicle.
(c)
(1)
(A) The certificate of title shall contain upon its face the identical information required upon the face of the registration certificate.
(B) In addition, it shall contain:
(i) A statement of the owner's title;
(ii) A statement of all liens and encumbrances on the vehicle therein described;
(iii) A statement as to whether possession is held by the owner under a lease, contract of conditional sale, or other like agreement; and
(iv) If a certificate of title is issued as a certificate of title with beneficiary, the information required under § 27-14-727.
(2) The certificate shall bear the seal of the office.
(d)
(1) The certificate of title shall contain upon the front side a space for the signature of the owner, and the owner shall write his or her name with pen and ink in the space upon receipt of the certificate, except when a surviving owner or a beneficiary applies for a new title under § 27-14-727.
(2) The certificate shall also contain upon the reverse side forms for assignment of title or interest and warranty thereof by the owner, with space for notation of liens and encumbrances upon the vehicle at the time of a transfer.
(e)
(1) The certificate of title shall be delivered to the owner in the event no lien or encumbrance appears thereon.
(2) Otherwise, the certificate of title shall be delivered either to the person holding the first lien or encumbrance upon the vehicle as shown in the certificate or to the person named to receive it in the application for the certificate.