This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. When your mortgage is paid in full, your lender should return the mortgage promissory note you signed when you first took out the loan. Ask your mortgage lender to accept a full and final settlement offer of payment (sole name). Disposition of nonfunctional currency must be attributable to the fluctuation in the foreign exchange rates between the purchase and sale of the currency. MBFs normally make accommodation exchanges of foreign currency at installations served under the DoD MBF contract.