DRAFTING NOTE: COLLATERAL​​ credit or for costs and expenses. 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. This file is a personal loan application form that includes sections for applicant information, loan amount, collateral, income, employment details, and more. Learn more and apply today. Obtaining payoff letters which confirm that a secured party will release its security interest in collateral and terminate UCC financing statements is crucial. Our user-friendly template helps you create a legal document for loan agreements, while providing peace of mind and clarity for both parties involved. First Citizens provides a full range of banking products and services to meet your individual or business financial needs. City of Orange Cove. Homebuyer Program Guidelines.