By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date. 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. Please accept this as my authorization to issue a payoff statement to. Through an effective date of . Do you need a loan payoff request form? Please provide payoff information for the above referenced mortgage. Also, please provide loan number and per diem interest. This program allows lenders to input data about their potential veteran-borrower and obtain an eligibility determination, in most cases, in a matter of seconds. Thompson Medical Library building is currently vacant, in a state of disrepair, and is not a historic building.