Old taxicab broker rules

TLC vehicle license revocation for nonuse — another spelling of §19-504(G) (TLC vehicle license revocation for nonuse).

Broker address change not reported — or City vehicle-license law (unclear)

As a broker rule, old Rule 5-04(a) required a licensed taxicab (medallion) broker to report a change of mailing or office address to the TLC within 72 hours. But these charges (1996–1998) were written mostly against individual drivers, so the code was probably shorthand for NYC Admin. Code §19-504(a), the law that every taxi and for-hire vehicle must have a TLC vehicle license.

Former TLC Rule 5-04(a) or NYC Admin. Code §19-504(a) (unclear)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker paperwork rules (blank forms, copies, delivery of documents)

Old Rule 5-04(b) set paperwork duties for medallion brokers: (1) never have a party sign a power of attorney or other document in blank; (2) give each party a copy of anything they sign; (3) deliver copies of all documents within 10 business days after a closing; and (4) get written acknowledgment that the papers were received.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $400–$2,000 and/or suspension (row 5-04(b)(1)-(4)). Personal appearance required.

Former TLC Rule 5-04(b)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker had a document signed in blank

Old Rule 5-04(b)(1) barred a medallion broker from asking or allowing a party to sign a power of attorney or any other document in blank, and from accepting any document signed in blank.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $400–$2,000 and/or suspension (row 5-04(b)(1)-(4)). Personal appearance required.

Former TLC Rule 5-04(b)(1)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't give a party a copy of a signed document

Old Rule 5-04(b)(2) required a medallion broker who asks a party to sign and return a document to give that party a duplicate for his or her records, and to hand over a photocopy of anything signed at a closing.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $400–$2,000 and/or suspension (row 5-04(b)(1)-(4)). Personal appearance required.

Former TLC Rule 5-04(b)(2)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't cooperate with the TLC or produce records

Old Rule 5-04(d) required a medallion broker to (1) cooperate with law enforcement and TLC representatives, (2) answer TLC questions and directives within 72 hours, (3) answer TLC summonses on the hearing date, and (4) furnish the transaction records the broker must keep (names, prices, deposits, commissions, closing statements) when the TLC asked.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): (d)(1) and (d)(4): $500–$1,500 and/or suspension, appearance required; (d)(2) and (d)(3): $250–$750 and/or suspension, appearance not required.

Former TLC Rule 5-04(d)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

TLC vehicle license revocation for nonuse — another spelling of §19-504(G) (TLC vehicle license revocation for nonuse).

Broker offered a medallion for sale without the owner's authorization

Old Rule 5-05(a)(1) barred a medallion broker from offering a taxicab (medallion) for transfer unless the owner had authorized the broker to do so.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $500–$1,000 (row 5-05(a)). Personal appearance required.

Former TLC Rule 5-05(a)(1)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't disclose being a lender, insurer or dealer too

Old Rule 5-05(e) required a medallion broker to tell his or her clients in writing if the broker was also acting as a lender, insurance broker or car dealer in the deal, or had a financial interest in one.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $250–$2,000. Personal appearance required.

Former TLC Rule 5-05(e)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker bought a listed medallion without disclosure — or another rule (unclear)

As a broker rule, old Rule 5-06(a) barred a medallion broker from buying, directly or indirectly, any interest in a medallion listed with him or her without first telling the owner in writing. Most of these charges (1995–2008) were written against individual drivers, so the officer may have meant a different rule, possibly Admin. Code §19-506; the code alone can't settle it.

Former TLC Rule 5-06(a)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Unlicensed for-hire vehicle operation (City law, written as 5-06B)

This code was used from 1993 to 1999 against hundreds of individual drivers, often next to "506C". It is almost certainly NYC Admin. Code §19-506(b) written short — operating, or letting someone operate, a vehicle for hire without a TLC vehicle license (or beyond what its license allows). The broker rule with the same number (a broker selling a medallion he owns part of without telling the buyer) fits none of these cases.

NYC Admin. Code §19-506(b) (most likely; written as 5-06(b))NYC Administrative Code Title 19, Chapter 5 (read-only mirror of the official code)

Illegal taxi or livery signs or holding out (City law, written as 5-06C1)

Charged in 1997–1998 against individual drivers, usually together with 5-06B, this code most likely means NYC Admin. Code §19-506(c)(1): operating a vehicle marked "taxi," "cab," "livery" or similar, or advertising such a service, without the matching TLC licenses. The broker rule with the same number (delivering a listed medallion to TLC storage within 48 hours) does not fit these drivers.

NYC Admin. Code §19-506(c)(1) (most likely; written as 5-06(c)(1))NYC Administrative Code Title 19, Chapter 5 (read-only mirror of the official code)

Broker operated a medallion left for sale without the owner's consent

Old Rule 5-06(c)(2) barred a medallion broker from operating, or having someone operate, a medallion delivered to the broker for sale without the owner's knowledge and express written, acknowledged consent.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $250–$1,000 (row 5-06(c)). Personal appearance required.

Former TLC Rule 5-06(c)(2)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Unlicensed driving (City law) or broker paying out buyer's deposit

Most of these charges were written in 1997–1998 against individual drivers and most likely mean NYC Admin. Code §19-506(d): driving a TLC vehicle for hire without a TLC driver's license. A few (2001–2007) were against brokerages and match old broker Rule 5-06(d)(1): a broker holding a buyer's deposit may not pay it to the seller or anyone else without the buyer's written approval.

NYC Admin. Code §19-506(d) (most rows) or Former TLC Rule 5-06(d)(1) (broker rows)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker mixed a buyer's deposit with his own money

Old Rule 5-06(d)(2) barred a medallion broker from mixing money advanced by a buyer with the broker's own funds, and required the broker to deposit it promptly in a separate, federally insured special account.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $1,000–$2,500 (row 5-06(d) paragraphs (1) and (2)). Personal appearance required.

Former TLC Rule 5-06(d)(2)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't tell the buyer where the deposit was held

Old Rule 5-06(d)(3) required a medallion broker, after depositing a buyer's advance, to tell that person in writing the name and address of the bank and the amount deposited.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $100–$500 (row 5-06(d) paragraphs (3) and (4)). Personal appearance required.

Former TLC Rule 5-06(d)(3)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker kept interest earned on a client's deposit

Old Rule 5-06(d)(4) barred a medallion broker from keeping or benefiting from interest earned on a client's deposit account unless the client authorized it in writing.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $100–$500 (row 5-06(d) paragraphs (3) and (4)). Personal appearance required.

Former TLC Rule 5-06(d)(4)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker committed fraud or acted against the public interest

Old Rule 5-06(f) barred a medallion broker, while working as a broker, from committing or attempting fraud, material misrepresentation, dishonesty or larceny, alone or with others, or any willful act or omission against the public's best interests. It was the broker rule most often charged, usually against brokerage and management companies.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $100–$2,500 and/or suspension or revocation. Personal appearance required.

Former TLC Rule 5-06(f)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't tell parties they may have their own lawyer

Old Rule 5-06(h) required a medallion broker to advise the buyer and seller in writing that they have the right to be represented by their own attorney and/or accountant in the medallion transfer.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $500–$1,000. Personal appearance required.

Former TLC Rule 5-06(h)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't provide a closing statement within 10 business days

Old Rule 5-06(i)(1) required a medallion broker, within 10 business days after a closing, to give the clients and the TLC a written closing statement listing the parties, medallions, sale price, vehicle cost, buyer's own funds, lenders and loans, the broker's commission, and every payment made for the client.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $500–$2,000. Personal appearance required.

Former TLC Rule 5-06(i)(1)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker didn't pay clients their money within 10 business days

Old Rule 5-06(i)(2) required a medallion broker to pay clients all money due to them within 10 business days after the financial closing.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $1,000–$2,500 and/or suspension or revocation. Personal appearance required.

Former TLC Rule 5-06(i)(2)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker bribery rule — or City mandatory-penalty law (unclear)

As a broker rule, old Rule 5-07(a) barred a medallion broker or its staff from offering or giving any gift or gratuity to TLC staff or any public servant. These 1997–1998 charges were written against individual drivers, one together with an FHV street-hail charge (6-16F), so the officer may have meant NYC Admin. Code §19-507(a), the law on mandatory penalties for drivers.

Former TLC Rule 5-07(a) or NYC Admin. Code §19-507(a) (unclear)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)

Broker or broker's staff threatened, harassed or abused someone

Old Rule 5-07(d) barred a medallion broker, or the broker's representatives or employees, from threatening, harassing or abusing any government or TLC representative, public servant or other person while working in the brokerage business.

Replaced by §62

Fine (published)

Old penalty schedule (§5-09, last published text): $1,000–$2,500. Personal appearance required.

Former TLC Rule 5-07(d)TLC Rules, old Chapter 5 – Taxicab Brokers (last version)