Legal Question in Credit and Debt Law in Florida

I have never seen a non-recourse car loan, so I highly doubt that it is. You can see by reading the note and seeing if it says that you do not owe under certain circumstances. It would stun me is it is nonrecourse.

I too have never seen a car loan that was a non-recourse loan. I don't know what a negative deficiency is. A deficiency balance is the amount remaining on a loan after the car is sold (generally, the loan amount at the time of repossession + costs and fees of repossession and repair + sales fees - sale proceeds). If there is a balance due and owing after all that, that's a deficiency. On the other hand, if after all that you "owe" a negative number, that's a surplus.