The dealer must, within 7 days, notify the lien holder in writing that the vehicle has been traded in. A mortgage payoff statement details the total amount needed to fully pay off a loan as of a specific date.I paid off my car loan. The lienholder sent me the title and signed the request for lien change section. Print a "UCCU Authorization for Payoff form" and have the seller fill it out and sign it. A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance. How to fill out the Payoff Request Letter Templates? It can take roughly two to six weeks to get your title after paying off a car. Do I need to mail this title along with a form in to get them officially released?