This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Cuyahoga County is responsible for compliance with these laws and regulations. 65 East State Street. 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. Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. Compare your rate to the Ohio and U.S. average. To get your payoff information in your online account, log in and select Loan Details in the sidebar navigation.