Owner applicant lacked vehicle title and registration in own name
Under the old taxicab owner rules, a person applying for or renewing a medallion had to show the TLC the vehicle's certificate of title and registration, both in the applicant's name (unless a lender or leasing company held the title). This code points to that requirement. It was a licensing condition rather than a street violation, and it appears only once in OATH data (2006).
Former TLC Rule 1-02(c)(4)TLC Old Rules, Chapter 1 – Taxicab Owners (Dec. 2010 text)