Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. A 10 day payoff is crucial to getting your old loans paid off during a refinance.Learn how it works from start to finish. 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). Your account number is at the top of your monthly statement and on the payment coupon at the bottom of the statement. Online. Wire or transfer funds to Superior Loan Servicing as outlined in the payoff letter. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. Include your vehicle account number with your payoff payment to avoid any processing delays.