Back to Medallion Owners and Agents
A taxicab medallion transfer involves the buying/selling of a medallion. To transfer a Taxi Cab Medallion refer to a medallion broker found in the TLC licensed Medallion Broker list (xls).
Medallion Transfer Reports
Forms for different types of Medallion Transfers
Buyers/Sellers Notifyng TSP Provider of Transfer
Child Support Form
Under state law, the TLC must verify that taxicab medallion buyers are current with their child support obligations.
Child Support Form (PDF)
Lien Lawsuit and Judgment Searches
Under the new rules, all sellers and transferors must provide to the TLC a New York State UCC lien search, together with a lawsuit and judgment search for all counties in which the seller/transferor has been domiciled for the shorter of either five years prior to the transfer, or the period of actual ownership. The results of these searches must be submitted to the TLC together with an affidavit regarding these searches, signed by both the buyer and seller.
Lien Search Affidavit (PDF)
Buyers and other medallion transferees must affirm that they do not rely upon any representations by the TLC regarding the value of medallions, and they must acknowledge that medallion ownership is subject to all rules and regulations of the TLC, including any subsequent changes.
Non Reliance Affidavit (PDF)
Notice of Proposed Claim Amount
If outstanding, unresolved tort claims against the seller are identified (which typically, but not always, arise from collisions involving the taxicab), the medallion may not be transferred until each claim is evaluated, and an escrow established for any amount of the claim that exceeds the medallion’s insurance coverage. The seller/transferor and the claimant may agree on an escrow amount at any time, but the seller/transferor can begin the formal process to have the claim evaluated by giving notice to the claimant.
For access to the rules governing medallion transfers refer to Chapter 58 (Medallion Taxicab Service) (PDF)