This document provides a sample payoff request letter that can be used as a guide. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. Do you need a loan payoff request form? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. 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. Termination of Alta Agreements. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan.