My question involves vehicle registration or title in the state of: Ohio
My wife and I bought a car for my brother-in-law due to his poor credit history (trying to rebuild). The car title is in my wife's name.
My brother-in-law is making monthly payments to us and has insurance for the car.
My wife kept the registration in her name and title with my brother as the named insurer of the car.
Any legal or lawsuit issues having the title and registration in my wife's name while my brother carries the insurance?
Should we re-issue the title under my brothers name and us as lien holders for legal protection?