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Start the letter by identifying yourself and the property. The lender will need to identify your loan, so include an account number. Give them your name, address and contact information. Tell the lender that you are voluntarily giving the item back because you can no longer make the payments.
More Definitions of Voluntary surrender Voluntary surrender means the relinquishment by a licensee of the right to practice a profession without a formal adjudication of misconduct.
In the United States, voluntary surrender is when a licensee chooses voluntarily to surrender ones license or voluntarily agrees not to renew ones license, usually to resolve outstanding complaints instead of going through the process of revocation or suspension.
So that the mitigating circumstance of voluntary surrender may properly be appreciated in favor of an accused, the following requisites must concur: (a) the offender had not been actually arrested; (b) the offender surrendered himself to a person in authority; and (c) the surrender was voluntary.
The essence of voluntary surrender is spontaneity and the intent of the accused to give himself up and submit himself to the authorities, either because he acknowledges his guilt or he wishes to save the authorities the trouble and expense that may be incurred for his search and capture.

People also ask

Surrender being a voluntary act, the principle applies that the lessee cannot derogate from his own grant, he cannot, by surrender to the lessor, destroy the rights that he has created in the sub-lease. 1 The surrender, therefore operates as a grant subject to the rights of the sub-lease.
Because a voluntary surrender means you worked with the lender to resolve the debt, future lenders may view it a little more favorably than a repossession when they review your credit history. Ideally, though, you should look for ways to avoid having to return your car to the lender.

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