This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.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. If the debtor fails to satisfy the notice during this period, the case goes to the court. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. The buyer's name and address must be recorded in the. "Assignment of Ownership" section to complete the sale. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends.