Open code violations need to be corrected. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. Please complete the form below with as much information as possible. This is a sample Florida mortgage payoff authorization form and should not be used or relied upon for any real estate transaction. Payoff of second mortgage loan. 504. Payoff of first mortgage loan. 503. 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 bank is required to prepare and record in the public records where the property is located a "satisfaction of mortgage."