A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan.How to fill out the Payoff Request Letter Templates? It also reflects a payoff of a loan or a refinance. It is the responsibility of the County Recorder to record these documents and make them public record. Note, Security and Guaranties: Release (6-381-2932)). This is an example of a payoff letter used in a syndicated loan transaction. Official Forms for Viewing and Downloading. Request for Judicial Notice. Creating a payoff letter is essential to any loan or mortgage repayment process.