I am writing to formally request the rescheduling of my loan repayment under Loan Account No. This Payoff Transmittal Letter serves as a formal request to close your loan account.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. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Invoices are due upon receipt. Deferred payment is not acceptable. 11 U.S.C. § 1307(c)(2). This new section, "Supervision of State Member.