By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date. The release is what removes the lien, which in your case isn't there.Please include a per diem amount in the statement. Please email this information to as soon as possible. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. To access the transmittal page click on the short reference. This document has been substantially revised and requires a complete review. Reservists may incur unreimbursed out-of-pocket expenses under certain conditions in connection with their service. Commissioners in lieu of the amounts specified in the statute (both per diem and monthly).