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.Such a document serves as the borrower's proof that the debt has been paid. The title company asked us for a payoff demand. They requested that we use their payoff statement since we held the note as trustees of our living trust. In return for a loan received from Lender, Borrower promises to pay the principal sum of. For a standard form of payoff letter, with integrated drafting tips and explanatory notes, see Standard Document, Payoff Letter. 1. Enter your personal information and amount owed. Looking for a promissory note template? Fraud is based on the Promissory Note payoff letter, it must fail.