Give some stream of consciousness and then the answer. In the Canada, a car title loan, is a type of secured loan where borrowers can use their vehicle title as collateral. Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. When the loan is repaid, the lien is removed and the car title is returned to its owner. If the borrower defaults on their payments then the lender is liable to repossess the vehicle and sell it to repay the borrowers' outstanding debt.\n\nWhat is a title loan on a car?
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The relevant information to answer the above question is: In the Canada, a car title loan, is a type of secured loan where borrowers can use their vehicle title as collateral.
Therefore, the answer is a type of secured loan where borrowers can use their vehicle title as collateral.
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