Edit, sign, and share payoff form online. No need to install software, just go to DocHub, and sign up instantly and for free.A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. Do you need a loan payoff request form? A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. If in agreement, the payor can provide payment immediately. However, if the issue involves a small claims court, this could result in a settlement. If you want to know what it will take to pay off a loan, you'll need to access a payoff statement (sometimes called a payoff letter). This is an example of a payoff letter used in a syndicated loan transaction.