The following are guidelines to help you formulate a repossession policy for the credit union to follow. Learn about repossession laws from the NYC Bar Legal Referral Service.Find an attorney in New York. Learn more about New York's repossession laws, what New York repo agents can and cannot do, and what happens after the car is taken away. Edit, sign, and share right of repossession online. No need to install software, just go to DocHub, and sign up instantly and for free. This form certifies the purchase price and determines the sales tax you must pay when registering the vehicle. The MV-327 form serves as a crucial document for the repossession of a motor vehicle or motorcycle, outlining the steps a repossessor must take. Am I stuck or can I get out of that contract? Volkswagen Emissions Violations.