A secured lender shall prepare and deliver a payoff demand statement to the person who has requested it within fourteen days after receipt of the demand. By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date.Please accept this as my authorization to issue a payoff statement to. Through an effective date of . To get a payoff letter, ask your mortgage lender for an official payoff statement and let them know what the projected closing date is. What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. By setting up Auto Pay in MyAccount online or on the GM Financial Mobile app, you can have your payments automatically withdrawn from your bank account. Improper forms, to incorrect fax numbers, or incorrectly filled out. Will be in the form of: a.