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I assume you are in Florida.
1. Go to Office Depot and purchace a "form" Promissary Note that is applicable to FL - execute the document with the borrower and list the vehicle as collatoral.
2. On the FL title is a "Leinholder" information block -complete that information listing you - then take to DMV and have title re-issued. It probably will go back to owner as I don't believe FL is a title holding state (?), but will list you on title.
If the borrower does not repay to the stipulation in the Promissary note. Beginning October 1, 2001, for a money judgment to serve as a lien, Florida will require filing of a Judgment Lien Certificate with the Florida Department of State, not the local sheriff. Then call Joe the Repo guy and pick your car up.
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