Sample Pay Off Loan Letter
July 23, 2056
[LENDER'S NAME]
[LENDER'S ADDRESS]
Dear [LENDER'S NAME],
I am writing this letter to inform you about the full settlement of the account referenced [YOUR LOAN ACCOUNT NUMBER]. As of today, I have paid off the total outstanding balance on my loan. I kindly request you to send me a formal written letter confirming that there is no further outstanding payment on my behalf. This will serve as a final payoff letter to close the loan account.
In case there are any errors or discrepancies in the account details or payment, please contact me as soon as possible. Your prompt attention to this matter will allow us to efficiently process the account closure and ensure accuracy on both ends. Please note my contact details listed above to send the final payoff letter or any other correspondence related to my account.
Also, kindly update your records to reflect that the loan has been fully repaid and there is no longer any outstanding payment. I appreciate your immediate attention to this matter and your confirmation of account closure. If there are any further actions needed from my end, please let me know at your earliest convenience. Thank you for your assistance in this matter.
Yours sincerely,
[YOUR NAME]
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