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You may request a payoff statement for any type of loan, including mortgages, student loans, personal loans, and auto loans. However, if you need your mortgage payoff statement, go to your mortgage servicer directly. The name and contact information of your mortgage servicer is included in your monthly statements.
Generally, youd request it from your lender when you want to know the exact amount needed to pay off your home. But its also possible to want to have access to this information for other reasons as well. Note there could be fees associated with requesting a payoff statement.
the payment of a salary, debt, wager, etc. the time at which such payment is made. the consequence, outcome, or final sequence in a series of events, actions, or circumstances: The payoff was when they fired him.
A payoff statement is an official document from your lender that outlines the remaining balance on your car loan, including any interest and fees that may be due.
A payoff letter, also known as a loan payoff statement or payoff demand, is a document provided by a lender that outlines the total amount owed on a loan. It includes a detailed breakdown of the principal balance, accrued interest, fees, and any other outstanding charges.
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TILA requires that a mortgage lender or servicer send an accurate payoff balance within a reasonable time, but in no case more than seven business days after receiving the borrowers request.

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