(1) Any police officer who discovers a vehicle upon any street of the City which is not registered as required under 75 Pa.C.S.A. Section 1301, or which does not display a registration plate as required by 75 Pa.C.S.A. Section 1332, or whose driver is not licensed as required by 75 Pa. C.S.A. Section 1501 or which is not covered by financial responsibility as required by 75 Pa.C.S.A. Section 1786, may seize or otherwise immobilize the vehicle to render it inoperable.

(2) Except as otherwise set forth in this section, the procedures set forth in Chapter 12-2400 shall apply to the seizure or immobilization of a vehicle pursuant to this Section.

(3) When an impounded vehicle is returned to its owner, or any person on behalf of the owner, such person shall sign a receipt for the vehicle after furnishing satisfactory evidence of the person's identity, ownership of the vehicle (or agency on behalf of the owner), valid driver's license, registration and valid financial responsibility.