Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part I - Public Utility Commission
Subpart B - Carriers of Passengers or Property
Chapter 30 - MEDALLION PROGRAM
Subchapter B - APPLICATIONS AND LIENS
Section 30.15 - Execution on and seizure of a medallion
Universal Citation: 52 PA Code ยง 30.15
Current through Register Vol. 54, No. 44, November 2, 2024
(a) If a lender or creditor executes on or seizes a medallion, it shall notify the Commission of all particulars, in writing, within 5 days of taking the action. The medallion will be held by the Commission pending further disposition.
(b) A sale of the medallion, upon seizure or execution, shall occur within 1 year of the seizure or execution, and shall be accomplished in accordance with § 30.12 (relating to sale of medallion).
(c) If the medallion is not sold within 1 year, the medallion becomes nontransferable.
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