Whenever the owner of any motor vehicle, trailer, or semitrailer which is stolen or embezzled notifies the Department directly or through law-enforcement authorities of the theft or embezzlement, the Department shall immediately suspend the registration of that motor vehicle, trailer, or semitrailer until such time as it shall be notified that the owner has recovered his motor vehicle, trailer, or semitrailer. In the event of an embezzlement the owner shall obtain a warrant for the arrest of the person charged with the embezzlement before the Department shall suspend the registration. Any such suspension shall be effective only for the current registration period in which the notice was given. If during that period the motor vehicle, trailer, or semitrailer is not recovered, a new notice may be given with like effect during the ensuing period. Every owner who has given a notice of theft or embezzlement shall immediately notify the Department of the recovery of his motor vehicle, trailer, or semitrailer.