I am writing to formally request the rescheduling of my loan repayment under Loan Account No. Create a Loan Payoff Letter online and download it as a PDF or Word document.Customize and print a blank Loan Payoff Letter for free. Customize and Download this "Loan Reschedule Letter". 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 chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Rate, the requirement of a truth and lending statement in a bank mortgage transaction is asinine. Signed consent from the NCP is not required to release a payoff balance. 4.