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. No information is available for this page.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. A lien is a legal claim filed with the Office of the Minnesota Secretary of State or county recorder. If a loan is more than seven years old, you can send a certified letter to the bank asking it for a lien release. If a loan is more than seven years old, you can send a certified letter to the bank asking it for a lien release.