Credit Payoff Form Details

In order to ensure that a request for a payoff is handled correctly and in a timely manner, it is important to understand the process and fill out the payoff form correctly. The form can be found on the lender's website or by contacting the lender's customer service line. The following information will provide an overview of what is needed to complete the payoff request form. The first step is to gather all of your loan documents, including the original note and mortgage (if applicable). This will help you determine the total amount you owe on the loan. You will also need to know your current address and have your social security number handy. Next, you'll need to calculate your closing costs.

Before you decide to fill in payoff request form, you'll want to find out more in regards to the type of form you are going to use.

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

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 205-261-7293 or mail it to: Regions Bank Consumer Loan Center Attn: Satisfaction Clerk

2050 Parkway Office Circle, RCN-2 Birmingham, AL 35244

4.QUESTIONS? - Call 1-800-896-6513.

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 - Essentialine P. O. Box 1984 Birmingham, AL 35201

*Please include the payoff statement.

FORWARDING PAYMENT OVERNIGHT:

Regions Bank

201 Milan Parkway

Birmingham, AL 35211

WIRING INSTRUCTIONS:

Regions Bank

Birmingham, AL

Routing Number: 062005690

Attn: Bankcard Department Lakeshore Operations, ALBHMOPL03

Purpose of wire: Equity Line Payment 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.

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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 1-800-231- 7493. Written quote processing turnaround time is 24 – 48 hours.

*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 15 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.

If a faxed payoff quote is desired, a $10.00 fee will be charged. By requesting a faxed payoff quote and

signing below, you agree to pay this charge. This fee will not be charged for property located in Louisiana, Tennessee, Missouri, Indiana, Texas or Virginia. There is no fee or charge for mailing a payoff quote. If the quote is mailed, please allow up to seven days for delivery.

Check One:

Fax

Mail

Fax Completed Request to:

205-261-7293

Customer Signature:

 

 

 

 

 

 

PLEASE PRINT

PLEASE SIGN

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

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