It does not have to be the name of the last registered owner though....I can tell you that.
The deal with mine was...I bought the duster from a kid....he said he couldnt find the title and would have to apply for a lost title.....I said ok, I will take the duster and give you half the money now and when you give me the title i will give you the other half.
well....a week went by and he wouldn't answer phone calls or nothing....another week went by and the same deal.
I finally find out that he had bought the car from a guy/friend awhile back and he never received the title from that guy.
anyways...long story short I used the name of the kid I got the car from as the name of the person I purchased it from on the form and all went smoothly.
Normally I don't screw around with a car that has title issues but this was a 72 duster which is hard to come by around here and was very solid for only $500.00 lol....So I jumped on it