§13–116.

    (a)    On receipt of a properly assigned certificate of title, an application for a new certificate of title, the required fee, and any other documents and information required by law, the Administration shall issue a new certificate of title in the name of the transferee as owner and mail it to him.

    (b)    The Administration shall:

        (1)    File each surrendered certificate of title; and

        (2)    Maintain the file to permit the tracing of title of any vehicle designated in it.