Edit, sign, and share payoff letter water online online. No need to install software, just go to DocHub, and sign up instantly and for free.Online filing and searching available through SOSDirect. For information or to subscribe, call (512) 475-2703. It is very important that you complete this form, have it notarized, and return it to our office, even if no direct payments were received. How to fill out the Payoff Request Letter Templates? 1. Enter your personal information and amount owed. 2. What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Find and fill out the forms you need.