Please submit the following information with the form: Deed of Trust; Borrower(s) Signed Authorization; The Signed Loan Payoff Request Form. 4. Why do I need a Payoff Letter?This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Payment subsidies received on loans approved after October 1, 1979 are subject to recapture. Keep Your Home California programs are fully funded and closed.