This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.A mortgage payoff letter can come in two forms. 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. Please accept this as my authorization to issue a payoff statement to. Through an effective date of . Discover an overview of landlordtenant laws and tenant protections against landlord harassment so you can defend your rights.