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File #: Int 1068-2018    Version: Name: Financial education for persons considering purchases or leases of for-hire vehicles or taxicab licenses.
Type: Introduction Status: Enacted (Mayor's Desk for Signature)
Committee: Committee on For-Hire Vehicles
On agenda: 8/8/2018
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to financial education for persons considering purchases or leases of for-hire vehicles or taxicab licenses
Sponsors: Stephen T. Levin, Robert F. Holden, Kalman Yeger , Deborah L. Rose, Brad S. Lander, Andrew Cohen
Council Member Sponsors: 6
Summary: This bill would require the Taxi and Limousine Commission to engage in financial education and outreach for taxi and for-hire vehicle drivers concerning financial arrangements relating to taxi medallions and for-hire vehicles.
Attachments: 1. Summary of Int. No. 1068-A, 2. Summary of Int. No. 1068, 3. Int. No. 1068, 4. Committee Report 9/17/18, 5. Hearing Testimony 9/17/18, 6. Hearing Transcript 9/17/18, 7. Proposed Int. No. 1068-A - 11/5/18, 8. Committee Report 11/13/18, 9. Fiscal Impact Statement, 10. November 14, 2018 - Stated Meeting Agenda with Links to Files
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
11/14/2018AStephen T. Levin City Council Approved by CouncilPass Action details Meeting details Not available
11/13/2018*Stephen T. Levin Committee on For-Hire Vehicles Hearing Held by Committee  Action details Meeting details Not available
11/13/2018*Stephen T. Levin Committee on For-Hire Vehicles Amendment Proposed by Comm  Action details Meeting details Not available
11/13/2018*Stephen T. Levin Committee on For-Hire Vehicles Amended by Committee  Action details Meeting details Not available
11/13/2018AStephen T. Levin Committee on For-Hire Vehicles Approved by CommitteePass Action details Meeting details Not available
9/17/2018*Stephen T. Levin Committee on For-Hire Vehicles Hearing Held by Committee  Action details Meeting details Not available
9/17/2018*Stephen T. Levin Committee on For-Hire Vehicles Laid Over by Committee  Action details Meeting details Not available
8/8/2018*Stephen T. Levin City Council Referred to Comm by Council  Action details Meeting details Not available
8/8/2018*Stephen T. Levin City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1068-A

 

By Council Members Levin, Holden, Yeger, Rose, Lander and Cohen

 

A Local Law to amend the administrative code of the city of New York, in relation to financial education for persons considering purchases or leases of for-hire vehicles or taxicab licenses

 

Be it enacted by the Council as follows:

 

Section 1. Section 19-551 of the administrative code of the city of New York, as added by a local law of the city of New York, relating to driver assistance services, as proposed in introduction number 1081-A for the year 2018, is amended by adding a new subdivision b to read as follows:

b. Financial education for drivers. The commission, in consultation with the department of consumer affairs and any other agencies designated by the mayor, shall engage in outreach and education efforts that are intended to inform individuals who are considering whether to enter into purchase, rental, lease or loan agreements for the purpose of obtaining vehicles for use as for-hire vehicles, and individuals who are considering whether to purchase, refinance or lease a taxicab license, about the costs and benefits of entering into such arrangements and transactions. Such outreach and education efforts may include written materials describing the common terms of such arrangements and transactions and identifying resources intended to help an individual understand the terms of such arrangements and transactions. The commission shall make any materials designed for the purposes of conducting such outreach and education available in English and in the six languages most commonly spoken by drivers, as those languages are determined by the commission, and in any other languages the commission determines to be appropriate. The commission shall make such materials available on the commission's website.

§ 2. This local law takes effect on the same date as a local law amending the administrative code of the city of New York, in relation to driver assistance services, as proposed by introduction number 1081-A for the year 2018, takes effect.

JJD

LS ---7159, 7735

11/5/18 6:00pm