Edit, sign, and share payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free.Do you need a loan payoff request form? 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. Edit, sign, and share payoff letter water online online. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Mail. For deposits, loan payments or payoffs, remit to: San Diego County Credit Union Attn: Deposits, Payments or Payoffs P.O. Box 269040. This is an example of a payoff letter used in a syndicated loan transaction.