Select the applicable "Method of Repossession" and attach any required documentation, if applicable. This completed form must be submitted to a county tax.Assistance with legal requirements of when a vehicle storage facility must release a vehicle to an individual owner or authorized user. Repo's Allowed: After 20 day "Right to Cure" letter from lienholder to debtor, repossession allowed without committing a breach of peace. The financing company owns the vehicle until you have completed the terms of the contract that you signed. Information about your rights as a consumer under Texas laws, how to recover your vehicle if it has been towed away, and how to submit formal complaints. That's called theft. It's against the law. This page will provide an overview of New Mexico's Repossession Laws and what you should know if you've fallen behind on car payments. Application for Title or Registration: Form REG 343.