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PAYOFF RELEASE AUTHORIZATION BORROWER NAME: LENDER: ACCOUNT NUMBER: BORROWER SOCIAL SECURITY NUMBER: I hereby authorize the release of payoff figures to (title company) to facilitate the closing of
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How to fill out pay-off release authorization borrower

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How to fill out pay-off release authorization borrower:

01
Begin by downloading the pay-off release authorization borrower form from the lender's website or requesting a copy from the lender directly.
02
Fill in the required personal information accurately, including your name, address, social security number, and contact information.
03
Provide details about the loan, such as the loan number, the current balance, and the property address associated with the loan.
04
Indicate the desired pay-off date, which is the date you wish to completely pay off the loan.
05
Sign and date the form, ensuring that your signature matches the one on record with the lender.
06
Make a copy of the completed form for your own records before submitting it to the lender.

Who needs pay-off release authorization borrower:

01
Borrowers who are in the process of paying off their loan and require documentation confirming the release of their mortgage or other debts associated with the loan.
02
Borrowers who have recently paid off their loan but need proof or confirmation of the pay-off.
03
Borrowers who are refinancing their mortgage and need to provide a pay-off release authorization to the new lender.
Note: It's recommended to consult with the lender or seek legal advice if you have any doubts or specific requirements regarding the pay-off release authorization borrower form.
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A pay-off release authorization borrower is a document that authorizes the release of a loan payoff amount by the borrower.
The borrower is required to file a pay-off release authorization borrower.
To fill out a pay-off release authorization borrower, the borrower needs to provide required information such as loan details, contact information, and authorization for the release of the payoff amount.
The purpose of a pay-off release authorization borrower is to authorize and facilitate the release of the loan payoff amount to the lender.
The pay-off release authorization borrower must include loan details, borrower's contact information, loan account number, authorized loan payoff amount, and borrower's signature.
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