Do you need a loan payoff request form? Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. 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. Below are links to various frequently requested forms. Some are PDF documents that are available to download and print. Lien must have a letter of permission on the lienholder's letterhead for the owner to submit to the MVA to add or delete a name on the title. If no overpayment is due, a closure letter will be mailed to the borrower 15 days after payoff was received.