Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. 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 lien is a legal claim filed with the Office of the Minnesota Secretary of State or county recorder.