Washington Proof of Surrender (PRS) is a form of security document created by the Washington State Department of Financial Institutions. It is used to prove that a loan has been fully paid off. It is also known as a 'Surrender Form'. The Washington Proof of Surrender (PRS) is also sometimes referred to as a 'release of lien' or 'deed of trust'. There are two types of Washington Proof of Surrender (PRS): Release of Lien and Deed of Trust. A Release of Lien is used when a lender agrees to release the lien on a property, while a Deed of Trust is used to transfer ownership of a property without the need for a loan. Both forms require the borrower's signature, and the signature of the lender, to be legally binding.
Washington Proof of Surrender (PRS) is a form of security document created by the Washington State Department of Financial Institutions. It is used to prove that a loan has been fully paid off. It is also known as a 'Surrender Form'. The Washington Proof of Surrender (PRS) is also sometimes referred to as a 'release of lien' or 'deed of trust'. There are two types of Washington Proof of Surrender (PRS): Release of Lien and Deed of Trust. A Release of Lien is used when a lender agrees to release the lien on a property, while a Deed of Trust is used to transfer ownership of a property without the need for a loan. Both forms require the borrower's signature, and the signature of the lender, to be legally binding.
