§ 9-112-240 — Medallion license only lease agreements

9-112-240 Medallion license only lease agreements.

(a) A medallion license only lease agreement is an agreement where the lessor is the licensee and the lessee has an ownership interest in the vehicle to be used with the license. (b) Medallion license only leases must be for at least a continuous one-week period. (c) The maximum weekly lease rate for a medallion license only lease is $275.00 per week for non-wheelchair-accessible vehicles; and $350 per week if the medallion is leased for use on a wheelchair-accessible vehicle. Lessors shall not charge any extras or surcharges above the listed maximum lease rates in this section unless such charges are permitted pursuant to rules promulgated under this chapter. (d) Any lessor who violates this section shall be fined as provided in Section 9-112-630 of this Code. (Added Coun. J. 1-18-12, p. 19118, § 1; Amend Coun. J. 6-6-12, p. 28356, § 17; Amend Coun. J. 12-10-14, p. 101074, § 3; Amend Coun. J. 12-16-24, p. 23004, Part 1, Art. I, § 1)