In the payoff demand statement, the beneficiary must state the amount of the unpaid balance and interest rate together with the total amounts. Edit, sign, and share authorization for payoff form california online.No need to install software, just go to DocHub, and sign up instantly and for free. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. Do you need a loan payoff request form? Interest accrues on your student loan balance every day. This form is furnished to give you a statement of actual settlement costs. The payoff amount should be the lien amount, less any partial payments that you may have received, plus the cost of recording the lien.