This Payoff Transmittal Letter serves as a formal request to close your loan account. Uncover everything you need to know about Payoff Letters.Dear Ms. Johnson, I hope this letter finds you well. This is to kindly request a bank payoff letter for my current loan with your esteemed institution. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. Include the complete name and address of the lienholder on the duplicate title application. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. A payoff statement should include the name and address of the lender preparing the statement and be addressed to the lender that requested the payoff.