SAMPLE PAYOFF LETTER
<Lender City>, <Lender State> <Lender Zip>
RE: <Borrower/Seller(s) Name(s)>
Enclosed please find a check in the amount of $_________________ representing
payment in full for the above captioned mortgage.
Please forward the original release of mortgage to:
FINAL TRAC, LLC
56 Arbor Street – Suite 105
Hartford, CT 06106
Our records indicated the recording information for the mortgage being released is as follows:
Mortgage from <Name of Borrower/Seller(s)>
to <Name of Original Lienholder>,
dated <date of original mortgage> and recorded <date of recording of original
in Volume <Vol> at Page <Page> of the <Property Town/City>
IMPORTANT NOTE: Please be advised that the Connecticut General Statutes Section 49-8,
requires a mortgagee to execute and deliver a release of mortgage within sixty (60) days from the
date of the request. The mortgagee is liable for damages at the rate of $200.00 per week plus costs
and reasonable attorney’s fees from the expiration of said sixty (60) day period or the actual loss
sustained by the mortgagor, whichever is greater, as a result of such failure to execute and deliver said
release. Please Furnish Final Trac, LLC With The Release Of Mortgage Immediately To
Avoid These Penalties.
If it is your requirement to record the release directly on the land records or to
forward the release to the mortgagor, you must forward a copy to Final Trac, LLC at
the above address.
Thank you, please feel free to contact me with any questions you may have.
Cc: Final Trac, LLC