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It serves as a formal directive from the account holder to an existing lender, authorizing them to accept a payoff payment from SchoolsFirst FCU and to release the vehicle's Certificate of Ownership. The form captures essential vehicle details, such as the VIN, year, make, and model, alongside lender contact information and the total payoff amount. By signing this agreement, the borrower authorizes the transfer of the title to the credit union upon receipt of the final payment. The document references compliance with California Vehicle Code 5753, which mandates the release of security interests and the delivery of vehicle titles within 15 days of payment receipt, ensuring a legally sound and efficient process for clearing vehicle liens and transferring ownership documentation.",{"@graph":63,"@context":111},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/authorization-for-payoff-schoolsfirst-federal-credit-union/285872/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/authorization-for-payoff-schoolsfirst-federal-credit-union/285872.png","ImageObject",442,249,{"name":88,"@type":89},"วิน","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-17",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105],{"name":106,"@type":107,"acceptedAnswer":108},"What does the form state regarding California Vehicle Code 5753?","Question",{"text":109,"@type":110},"It specifies that the lienholder is required to release their security interest in the vehicle and deliver the title to the designated transferee within 15 days of receiving the payoff payment.","Answer","https://schema.org",{"og:url":78,"og:type":113,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":115,"canonical":78},"index,follow",{"doc_id":117,"site_id":56},285872,1789630412,{"code":4,"msg":5,"data":120},{"doc_id":117,"user_id":121,"nickname":88,"user_avatar":122,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":123,"file_id":124,"file_url":125,"file_type":126,"file_size":127,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":128,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":129,"faqs":130,"seo_title":131,"seo_description":61,"update_tm":118,"read_time":4},2336475104736,"https://ap-avatar.wpscdn.com/avatar/22000c4c5e0e5b17e70?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786591360781797222","AUTHORIZATION FOR PAYOFF  \nPLEASE DO NOT SEND TITLE TO THE CUSTOMER  \n\n| Vehicle Identification Number: | Year/Make/Model of Vehicle: |\n| --- | --- |\n| Date: | Account Number: |\n\nLender Name:    \nLender Phone Number:    \nLender Address:    \nThe undersigned hereby authorizes and directs you to accept from:  \nSCHOOLSFIRST FCU  \nPO BX 11547  \nSANTA ANA CA 92711  \n(ELT\\# W36)  \nthe payoff due to you on my account in the amount of   good through   and to surrender to them, or order, the properly endorsed Certificate of Ownership to the above described vehicle.  \nUpon Lender acceptance and endorsement or negotiation of SchoolsFirst FCU’s payoff check, Lender acknowledges receipt of Payment in Full for all amounts owed or secured by the vehicle described above and the Lender guarantees title to the vehicle to SchoolsFirst FCU. California Vehicle Code 5753 requires lienholder or lessors to release security interest in the vehicle that this check pays off and to deliver title to the transferee designated in the enclosed documents within 15 days after this payment is received.  \nPrint Name:    \nSignature:    \nCL CLOS 1.1.50 (REV. 10/19)","cbCaimNHf18ipCBb","https://ap.wps.com/l/cbCaimNHf18ipCBb","pdf",479075,"English","# Authorization for Payoff\n## Vehicle and Account Details\n## Lender Authorization and Instructions\n## Legal Compliance and Title Release","[{\"question\":\"What does the form state regarding California Vehicle Code 5753?\",\"answer\":\"It specifies that the lienholder is required to release their security interest in the vehicle and deliver the title to the designated transferee within 15 days of receiving the payoff payment.\"}]","Authorization for Payoff - SchoolsFirst Federal Credit Union | PDF"]