This payoff letter (including the defined terms such as Lenders,. Administrative Agent, Collateral Agent, Collateral, Commitments,.The release is what removes the lien, which in your case isn't there. This form is furnished to give you a statement of actual settlement costs. Edit, sign, and share loan payoff letter online. No need to install software, just go to DocHub, and sign up instantly and for free. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. How can I make payments or payoff on my mortgage loan?