Please complete the form below with as much information as possible. Payoff Letter Request (for Liened Code Enforcement Violations).When Used: â—‹When a property has a liened code enforcement violation(s). 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. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.