Edit, sign, and share lien payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free.Under certain circumstances, New York State may grant you a release of lien or subordination of lien if you are unable to pay your warranted balance in full. Use a standard business letter format with your name, contact information, and the date at the top. Edit, sign, and share payoff letter template online. We will only grant your request for a release of lien or subordination of lien if it is in the best interest of New York State. To fill out the lien release form, gather necessary information about the vehicle and the lienholder. Click a blank form field and type. 3. If your loan has been sold to a third party, the new owner of the loan will complete the document. The Parties in a Satisfaction of Mortgage.