If you are selling medallions (as opposed to corporate stock):
If you are selling corporate stock or membership interests in an LLC:
If you are an administrator or executor of an estate seeking to operate the medallion(s) until the estate is settled:
Sellers must give notice of a transfer to a TPEP Vendor. Download the form here:
Buyers must also notify the TLC of their plans for the TPEP system. Download the form here:
Child Support Form
Under state law, the TLC must verify whether individuals who become TLC licensees, including by buying a taxicab medallion, are current with their child support obligations. Download the form here:
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. Download the affidavit form here:
Buyers and other transferees of medallions 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, as may change from time to time. Download the affidavit here:
Notice of Proposed Claim Amount
If outstanding, unresolved tort claims against the seller have been identified (which typically, but not always, will arise from accidents involving the taxicab), the medallion may not be transferred until each claim has been 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. Download the notice to the claimant here:
For questions, or to start a transfer, please call the TLC medallion transfer officer Daniel Fortilus at 212-676-1167.
Note that the contents of this page are for informational purposes only. A complete statement of the obligations of sellers/transferors and buyers/transferees, and the medallion transfer procedure, is provided in the TLC rules and in applicable statutory law. Persons contemplating a transfer of any interest in a taxicab medallion should consult the rules governing transfers contained in the TLC rules chapter applicable to taxicab medallion owners. For access to the rules governing medallion transfers, please refer to Chapter 58 (Medallion Taxicab Service) of the TLC Rules by visiting the link mentioned below.
TLC Rules and Local Laws