Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. This is an example of a payoff letter used in a syndicated loan transaction. When you owe tax debt, we automatically have a statutory lien that attaches to all California real or personal property you own or have rights to. Please include this letter in the official record of the application. Santa Clara. Solano. Sonoma.