(a) A person who willfully removes or falsifies and upon conviction is subject to imprisonment for a term of not more than six (6) months and a penalty of not more than $500.
(b) A person who, willfully and with intent to conceal or misrepresent the identity of a vehicle or vehicle part, removes or falsifies an identification number of the vehicle or vehicle part, is guilty of a felony an 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.
(c) A person who buys, receives, possessions, sells or disposes of a vehicle, knowing that a vehicle identification number has been removed or falsified, is guilty of a misdemeanor and upon conviction is subject to imprisonment for a term of not more than one (1) year and a fine of not more than $1,000.
(d) A person who buys, receives, possesses, sells or disposes of a vehicle, knowing that a vehicle identification number has been removed or falsified and with intent to conceal or misrepresent the identity of the vehicle or vehicle part, is guilty of a felony and upon conviction is subject to imprisonment for a term of not more than one (1) year and a fine of not more than $1,000.
(e) As used in this section:
(1) “Remove” includes deface, cover and destroy; and
(2) “Falsify” includes alter and forge.
(f) A vehicle identification number may be placed on a vehicle or vehicle part by its manufacturer in the regular course of business or placed or restored on vehicle or vehicle part by authority of the Bureau of Motor Vehicles without violating this section; a vehicle identification number so placed or restored is not falsified.