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.Please include a per diem amount in the statement. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Satisfactions of Mortgage should be recorded in the Office of the County Clerk of the county in which the mortgage has been recorded. The revised Form MT-15, Mortgage Recording Tax Return, is now available. 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. If you know you're not going to be able to keep up with your loan payments, you might be better off selling the car yourself and paying off the debt.