(a) The owner of a fleet of trailers, meeting the requirements specified under § 2143(c) of this title, may elect to register such trailers for a 7-year period, by making application to the Department in accordance with this section. (b) The application shall be made on a form and contain information as prescribed by the Secretary. Upon payment of the required fees and upon meeting other requirements prescribed by the Secretary, there shall be issued, to each vehicle for which application has been made, a registration plate and validation sticker which shall be valid for 7 years, provided that all requirements of this section are complied with. (c) At the time application for registration or renewal of registration is made under this section, the applicant shall pay all fees required under this title for the first year of the 7-year plate. The applicant shall submit acceptable evidence of a surety bond in a form and with a surety approved by the Secretary and in an amount equal to the total registration fees required for all vehicles registered pursuant to this section to the applicant for the remaining 6 years. (d) The owner is required to pay all registration renewal fees for vehicles registered pursuant to this section on an annual basis prior to the expiration date of such registrations. (e) The Secretary may adopt rules and regulations necessary for the administration and enforcement of this section.
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