By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment.Please accept this as my authorization to issue a payoff statement to. Through an effective date of . Find the answers to questions about your lease, MyAccount and more GM Financial related questions. A secured lender shall prepare and deliver a payoff demand statement to the person who has requested it within fourteen days after receipt of the demand. A secured lender shall prepare and deliver a payoff demand statement to the person who has requested it within fourteen days after receipt of the demand. Per diem rate for each patient. For courses that meet only once per week, students who miss the first class meeting may be dropped. A blank sample HB Letter 16 is included.