A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Do you need a loan payoff request form? It outlines the necessary information such as the mortgagor's details, loan information, and payment instructions. It outlines the necessary information such as the mortgagor's details, loan information, and payment instructions. This is an example of a payoff letter used in a syndicated loan transaction. To authorize Associated Bank to provide a written payoff statement and to close the account to any future advances if it is a revolving line of credit. Create a Loan Payoff Letter online and download it as a PDF or Word document.