The title is going to be sent temporarily to the DMV if the lending company approves your petition and signals that the necessary forms. You will also need to transfer the name to the motor vehicle. It's possible you have not misplaced or lost the title in any way. The moment you get the assigned name, you must take it to the Ohio Bureau of Motor Vehicles to locate a new name that's solely on your name. Transferring name provides the lender security, which means your credit issues are not a monumental concern. A automobile name is a document representing possession of your car.