Your state may have other requirements that you have to meet to do so. At the very least, you need a loan contract that perfects the security agreement.
If it's a person to person sale, no paperwork in required in Tennessee, however, many people suggest that you make a bill of sale so you have evidence that you sold it. As long as both people are Tennessee residents, you simply exhange the gun with the other person for the money. If it is a gun being bought at a gun shop, the gun shop will process the necessary paperwork (paperwork is required for a sale by a licensed dealer).
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