Get access to direct deposit forms, automatic bill payment forms, and loan management from BMO. 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. The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. How to fill out the Payoff Request Letter Templates? This is a standard form of payoff letter. A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one. Welcome to Cadence Bank. Lenders typically use their own forms of payoff letter (see Practice.