A versatile form template designed to facilitate the process of requesting specific information from individuals, organizations, or businesses. First you need to know what the payoff figure is.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. Download third-party Authorization form here. Note: By requesting a Payoff Statement you may incur a fee. 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.