A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. Do you need a loan payoff request form? Confirmation of Tax Allocation. Payoff Request stalling Letter. 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.