(a) Unless otherwise provided in this chapter, a person who with fraudulent intent:
(1) Alters, forges or counterfeits a certificate of title;
(2) Alters or an assignment of a certificate of title or an assignment or release of a security interest, on a certificate of title or a form the Bureau of Motor Vehicles prescribes;
(3) Has possession of or uses a certificate of title knowing it to have been altered, forged or counterfeited; or
(4) Uses a false or fictitious name or address, or makes a material false statement, or fails to disclose a security interest, or conceals any other material fact, in an application for a certificate of title;
is guilty of a felony and upon conviction is subject to imprisonment for a term of not more than five (5) years and a fine of not more than $5,000.(b) Unless otherwise provided in this chapter, a person who:
(1) With fraudulent intent permits another not entitled thereto, to use or have possession of a certificate of title;
(2) Willfully fails to mail or deliver a certificate of title or application therefor to the Bureau of Motor Vehicles within ten (10) days after the time required by this chapter;
(3) Willfully fails to deliver to his transferee a certificate of title within ten (10) days after the time required by this chapter; or
(4) Willfully violates any other provision of this chapter except as provided in subsection (a) of this section;
is guilty of a misdemeanor and upon conviction is subject to imprisonment for a term not exceeding six (6) months and a penalty not exceeding $500.