Provides that every person who fraudulently transfers a motor vehicle to another without the other person's knowledge shall be guilty of fraudulent transfer of a motor vehicle and shall be punished as follows: (1) Where the victim incurred damages in an amount less than two hundred fifty dollars, the defendant is guilty of a gross misdemeanor.

(2) Where the victim incurred damages in an amount exceeding two hundred fifty dollars, the defendant is guilty of a class C felony.

(3) Where the victim incurred damages in an amount exceeding one thousand five hundred dollars, the defendant is guilty of a class B felony.