Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance.Do you need a loan payoff request form? I also understand that when payment is made in accordance with the payoff demand statement, my equity line of credit will be closed. You may also call 1-800-1-0557. Download Nevada Debt Validation Letter template, modify and send for signing using BoloForms Signature. You can download a payoff letter in the app once the final payment on your loan has finished processing. Please wait 30 days from date of payoff posting to your loan before requesting a paid in full letter. Creditors and debt collectors can pursue debt lawsuits against consumers who don't repay their loans. 5011 Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan.