Along with your loan application, you will be provided a batch of various disclosure forms that you are required to sign and date. This article outlines the fivestep process of making your final loan payment.Step 1: Request a payoff quote. Please complete this form and provide all of the required information. Submit to Monica Schroeder, City of Glendale, AZ- Community Revitalization. This form is furnished to give you a statement of actual settlement costs. 1. Pursuant to Section 2e of the Contract, Buyer shall deliver to Seller the AAR Loan Status Update ("LSU") describing the current. 2. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. This is an example of a payoff letter used in a syndicated loan transaction.