Payoff Request Form PDF Details

Understanding the intricacies of managing a Home Equity Line of Credit (HELOC) payoff can be a comprehensive task, especially when it's time to reconcile the outstanding balance. The Payoff Request form serves as a pivotal tool in this process, ensuring a smooth transition, whether you're refinancing, selling your home, or settling your balance to zero. It requires detailed input, including the completion of all relevant sections, a requisite signature confirming the legitimacy of the request, and the choice between faxing or mailing it directly to the specified bank – in this case, Regions Bank. Pertinent details such as account information, contact numbers, and specific instructions on how to submit a payoff check are laid out to avoid any ambiguity. Moreover, the form addresses various scenarios, including but not limited to, refinancing or selling your home, and highlights the importance of requesting an updated quote if the initial request was made seven days prior to the expected payoff date. This intricacy is emphasized by the need to adjust the payoff amount based on transactions not posted at the time of the quote, underscoring the dynamic nature of HELOC management. Additionally, specific instructions for wiring funds are provided, ensuring that all payments are credited accurately and efficiently. Through a meticulous compilation of details and several compliance checks, the Payoff Request form encapsulates the essential steps needed to successfully navigate the payoff process of a Home Equity Line of Credit.

QuestionAnswer
Form NamePayoff Request Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesregions mortgage payoff request, regions bank mortgage payoff request, regions bank mortgage payoff request form, home equity payoff request

Form Preview Example

Home Equity Line of Credit Payoff Request Form Instructions & Mailing Information

PAYOFF REQUEST INSTRUCTIONS:

1.PRINT AND FILL OUT THIS FORM - Please complete all relevant sections of the Payoff Request form.

2.SIGN - Please remember to sign your Payoff Request form. We cannot process your Payoff Request without your signature OR a signed borrowers authorization form with your signature.

3.SEND YOUR COMPLETED PAYOFF REQUEST FORM TO REGIONS BANK - You can fax your completed Payoff Request form to 601-554-2017 or mail it to:

Regions Bank

Attn: Payoff Department PO Box 18001 Hattiesburg, MS 39404-8001

4.QUESTIONS? - Call 1-800-986-2462.

5.HOW TO SUBMIT A PAYOFF CHECK? - You may make the payoff at a local branch or by going through the Teller line. Please note that the payoff letter should accompany the payoff check.

MAILING INFORMATION:

MAILING PAYOFF CHECK:

Regions Bank

Attn: Cashiering Department

7130 Goodlett Farms Parkway, A4W

Cordova, TN 38016

*Please include the payoff statement.

FORWARDING PAYMENT OVERNIGHT:

Regions Bank

Attn: Cashiering Department

7130 Goodlett Farms Parkway, A4W

Cordova, TN 38016

WIRING INSTRUCTIONS:

Regions Bank

ABA No. 062005690

Account No. 4905758

Attn: Payoff Department

Purpose of wire: Equity Line Payoff or Pay down

*Please also provide customer’s name and account number

If you requested a quote more than 7 days before the expected payoff date, then please request an updated quote on the day you plan to pay the account off.

The payoff quote will be subject to any transactions that have not posted at the time the quote is given, any preauthorized transactions, and any check or other payment made on the account that is returned unpaid or is rejected or reclaimed for any reason. Regions reserves the right to adjust the payoff amount accordingly.

08/09/19

Home Equity Line of Credit Payoff Request Form

Check one of the following options to indicate if the account is to be closed and satisfied upon receipt of the payoff amount. Available funds and future advances will not be allowed. Regions will place a hold on the account blocking the payment of checks, cash advances or credit card transactions associated with the account*.

 Refinance/Close and Satisfy First Mortgage

 Selling Home/Close and Satisfy

 Paying Balance to Zero/Close and Satisfy

 

If you want a verbal quote to bring the line of credit to zero, but still keep the account open, please call 1-800-986-2462.

*The payoff quote will be subject to any transactions that have not posted at the time the quote is given, any preauthorized transactions, and any check or other payment made on the account that is returned unpaid or is rejected or reclaimed for any reason. Regions reserves the right to adjust the payoff amount accordingly.

ACCOUNT INFORMATION

ACCOUNT NUMBER:

CUSTOMER NAME:

SOCIAL SECURITY NUMBER:

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COLLATERAL ADDRESS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY:

 

 

 

 

 

 

 

 

 

 

 

STATE:

 

 

 

 

ZIP:

 

 

 

 

 

 

 

 

PHONE NUMBER (

 

 

 

 

 

 

)

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REQUESTED “GOOD THRU” DATE (Maximum 10 days)

 

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/

 

 

 

 

 

REQUESTOR/CLOSING AGENT/TITLE COMPANY INFORMATION:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REQUESTOR/AGENT NAME:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STREET ADDRESS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY:

 

 

 

 

 

 

 

 

 

 

 

STATE:

 

 

 

 

ZIP:

 

 

 

 

 

 

 

 

PHONE NUMBER (

 

 

)

 

 

 

-

 

 

 

 

 

 

FAX (

 

 

 

 

)

 

 

 

-

 

 

 

NEW LENDER NAME:

 

 

 

 

 

 

 

 

 

 

 

 

PHONE NUMBER: (

 

 

)

 

 

-

 

 

PROPOSED CLOSING DATE (Mandatory TX only)

Payoff request will not be processed without the customer’s signature or an attached borrower’s authorization form signed by the customer.

Check One:

 Fax

 Mail

Fax Completed Request to:

601-554-2017

Customer Signature:

 

 

 

 

 

 

PLEASE PRINT

PLEASE SIGN

If agent signs for customer here, a borrower’s authorization must be attached.

08/09/19

How to Edit Payoff Request Form Online for Free

The home payoff request completing process is hassle-free. Our software lets you use any PDF file.

Step 1: Select the button "Get form here" to get into it.

Step 2: At this point, you are on the form editing page. You can add information, edit present information, highlight certain words or phrases, place crosses or checks, add images, sign the document, erase unrequired fields, etc.

The PDF file you desire to create will contain the following areas:

step 1 to writing credit payoff form

Please fill in the REQUESTORCLOSING AGENTTITLE, STATE, FAX, PHONE NUMBER, ZIP, Payoff request will not be, Check One Fax, Mail, Fax Completed Request to, Customer Signature, PLEASE PRINT, PLEASE SIGN, and If agent signs for customer here a space with the appropriate information.

Finishing credit payoff form stage 2

Step 3: Once you hit the Done button, the finished document is easily transferable to any type of of your gadgets. Or alternatively, it is possible to deliver it through email.

Step 4: Generate copies of the form - it will help you avoid potential future problems. And fear not - we cannot distribute or watch your information.

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