Medallion Broker
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A taxicab broker is an individual, partnership, corporation or LLC that acts as an agent or intermediary in negotiating the transfer of a taxi cab license (medallion).
The applicant must satisfy the requirements listed below before visiting one of the TLC facilities listed under Contact Information.
The applicant must be prepared to provide proof of Active Status with the N.Y. Department of State. This is needed to prove that The applicant's business is registered with the DOT and is not dissolved. The applicant may verify his or her status via the NYS Department of State website. Please attach a copy of the on screen print-out.
The applicant must submit a completed and notarized Affidavit, signed by an officer representing the owner(s) of the company. An officer is the President, Vice-President, Secretary or Treasurer of the organization. The Affidavit is attached to the application.
The applicant must submit proof of business status. If the owners are a corporation, the applicant must produce a Certificate of Incorporation and a filing receipt. If a partnership, the applicant must produce a Partnership Certificate. If a sole proprietor, the applicant must produce a Business Certificate. To get original copies of a Certificate of Incorporation, Filing Receipt or Business Certificate contact the NYS Division of Corporations.
The applicant must submit an Original Surety Bond of $5,000 for the benefit of the City of New York. The applicant must bring in the original with their application; a copy will not be accepted. If the application is considered for approval on or after July 1st, the bond is still required to reflect coverage for one year. The Surety Bond covers any outstanding money owed to the TLC by the base owner. To get an Original Surety Bond, contact a Bonding company.
The applicant must submit copies of resumes of all individuals, partners, officers, principals and stockholders, together with a cover letter showing they are able to manage a base station.
List of Permit Fees.
- License fee of $500 - Each license expires the 31st of December of the year it was issued and each following year. Licenses issued on or after July 1st of any year will be pro-rated to a fee of $250. If you are using a money order to pay the fee it must be made payable to: NYC TLC.
- Fingerprinting fee of $75 per individual required to be fingerprinted. If you are using a money order to pay the fee it must be made payable to: NYC TLC.
- All licenses are non-transferable and fees are non-refundable.
List of accepted payment methods.
- Money Order
- Visa
- MasterCard
- American Express
- Discover
License renewal payments can be made online via the LARS (License Applications, Renewals and Summonses) System.
All other license types issued by the Taxi and Limousine Commission (TLC) require other individual operating licenses. For additional information about TLC licensing and requirements, visit the NYC Business Express Index, or visit one of the TLC Licensing Centers in person.
The applicant must comply with all prerequisites and process steps listed below. They can then visit one of the TLC facilities listed under Contact Information.
The applicant must submit a completed application. The applicant must answer every question in sections I, II, VII & VIII. Please see the Application for a New or Renewal Agent / Broker License, Checklist for New or Renewal Application for Agent / Broker License & Instructions for Filing an Application for an Agent / Broker links above.
The applicant must present two forms of identification for each person listed on the application (one valid government issued identification and a social security card).
The applicant must present a valid and original social security card with application. Copies will not be accepted.
All fees must be submitted along with the application form as identified below.
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Additional Resources
NYC Taxi and Limousine Commission (TLC)
Licensing and Standards Division
32-02 Queens Boulevard, 2nd Floor
Long Island City
NY
11101-2324
TLC
NYC Taxi and Limousine Commission (TLC)
1139 Hylan Boulevard
Staten Island
NY
10305
TLC