(a) General rule.--The department shall, upon receiving a report of the theft of a vehicle, make an entry onto the vehicle's record that it has been reported as stolen, which entry shall remain until a report of recovery has been received as provided in section 7113(b) (relating to reporting stolen and recovered vehicles). If the vehicle is not reported as recovered within five years, the department may remove the record from its files.

(b) List of stolen and recovered vehicles.--The department shall prepare periodic reports listing vehicles, stolen and recovered, as disclosed by the reports submitted, to be distributed as provided in regulations promulgated by the department.