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. Do you need a loan payoff request form? We have several forms that you can download and fill out. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Demand Payoff Request. Complete the form below to create a new request. 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).