Washington Proof of Surrender (PRS) is a document issued by the Washington state Department of Financial Institutions (DFI) to prove that a consumer has paid off a secured debt obligation in full. The PRS is a confirmation that the debt has been satisfied and that the lien or security interest has been released. There are two types of Washington Proof of Surrender: the Certificate of Release of Security Interest and a Security Interest Release Statement. The Certificate of Release of Security Interest is given to a consumer after they have paid off a secured debt in full. It states the lien or security interest is released and the security interest holder no longer has any claim against the consumer’s property. The Security Interest Release Statement is given to a consumer after they have paid off a secured debt with a loan. It states the lien or security interest is released, the loan is paid in full, and the security interest holder no longer has any claim against the consumer’s property. Both formotherRW provide protection to the consumer by providing proof of payment and release of the lien.
Washington Proof of Surrender (PRSRW)
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