This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Please complete the form below with as much information as possible. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Payoff Letter Request (for Liened Code Enforcement Violations). When Used: â—‹When a property has a liened code enforcement violation(s). How to fill out the Payoff Request Letter Templates? View our frequently asked questions, and find a list of ways to contact Seacoast Bank and get answers here.