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 discharge is a process involving you, your lender and your provincial or territorial land title registry office. Note: This form must be downloaded to your device in order to be filled out properly. It must be opened in Adobe Acrobat Reader. Restated Agreement and incredible Plan. 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. Restated Agreement and incredible Plan. The Answer is your response to the Summons and Complaint and tells the court your defenses or reasons why the mortgage Lender must not win the case.