Payoff Request Form. Edit, sign, and share private mortgage payoff letter template online.No need to install software, just go to DocHub, and sign up instantly and for free. A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. 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. A. Arrange for payoff of loans. The seller should advise its bank of the projected closing date and request a pay-off letter. For example, the I.D. No. AAM-01-96-00001-E indicates the following:. The "private business use test" or the "private loan test.