Medallion Transfers

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

Below are forms for the medallion transfer process:

Forms for different types of Medallion Transfers

  • If you are selling medallions (as opposed to corporate stock):
    OS-1 Application.Reg (PDF)
  • If you are selling corporate stock or membership interests in an LLC:
    OS-2 Stock (PDF)
  • If you are an administrator or executor of an estate seeking to operate the medallion(s) until the estate is settled:
    OS-3 Administrator.Application (PDF)

Buyers/Sellers Notifyng TSP Provider of Transfer

  • Sellers must give notice of a transfer to a TSP Vendor.
    Seller TSP Notice (PDF)
  • Buyers must also notify the TLC of their plans for the TSP system. Download the form here:
    Buyer TSP Notice (PDF)

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)

Non-reliance Affidavit

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.

Notice Proposed Claim Amount (PDF)

For access to the rules governing medallion transfers refer to Chapter 58 (Medallion Taxicab Service) (PDF)