How to fill out the Payoff Request Letter Templates? To receive a copy of a loan payoff statement, please fill out the below request form.A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. The finance office electronically lets the DMV know the loan was paid off and a new title should automatically be sent out with the lien removed afterwards. This request can be made through the DMV or directly to the lender. 1. Enter the lender's name and loan account number. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. Would you like to be notified if a document is recorded on your name or property?