Return completed form to: Utah Housing Corporation. 1. Enter your personal information and amount owed.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. (B) A request for a payoff statement is not timely unless the trustee receives the request at least 10 business days before the trustee's sale. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.