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Promissory Payoff Letter
A promissory note is a legal agreement between a lender and borrower. In order for the lender to ensure that the borrower will repay the loan the lender must place the borrower's promise in writing with a Promissory Note. After the Promissory Note has been paid off then the borrower can send the lender a Promissory Note Payoff Letter stating that the loan has been paid in full and the Promissory Note is no longer outstanding.

Free Sample Template
Format: Word PDF
# of Pages: 1
Printable: Yes


Promissory Payoff Letter TemplateForm 1420
Format: Word PDF
Category: Business, Credit
Type: Letter
Promissory Payoff Letter


[Your Name]
[Address]
[City, State, Zip]



[Date of letter]


[Recipientís Name]
[Title]
[Company Name]
[Address]
[City, State, Zip]

Re: Promissory Note Dated: ___/___/_____ for the original principal amount of $______________.

Dear [Recipientís name],

I am writing you today to inform you that we forever discharge you the Borrower located at:

Name: ________________________________________________________________________________________

Address: ______________________________________________________________________________________

City: ________________________________________ State: ___________ Zip Code: ________________________

This release relates only to the Note as listed above and not to any other contract, agreement, or covenant.

Dated: ___/___/_____

Best regards,

[Your Signature]