A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance. The dealer must, within 7 days, notify the lien holder in writing that the vehicle has been traded in.You may obtain and instant payoff through the "Documents" tab and "Payoff Statement". To process your request as quickly as possible, complete the online Loan Payoff Quote form, send a written request or call our Loan Servicing department. Say you have a mortgage and want to know exactly how much you'd need to pay to satisfy the loan. A mortgage payoff letter will tell you that magic number. Demand Payoff Request. Complete the form below to create a new request. A 10day payoff statement tells you the amount you owe toward your loan in order for the loan to be closed and marked as "paid in full." While your lender or bank plays a role in the process, you'll ultimately need to get your new title through the BMV or DMV.