This chapter shall apply to all model vehicles ; provided, however, that all vehicles designated as model years prior to 2001 shall not be required to be issued a title certificate until ownership is transferred or the current owner creates a security interest in the vehicle; provided further that, nothing herein shall prohibit the issuance of a title certificate to the current owner upon application and payment of a fee of fifty dollars ($50.00).
R.I. Gen. Laws § 31-3.1-38