§ 12-08 Redemption of Vehicle.
RCNY § 12-08
(a)If the Commissioner determines that a single claimant for a forfeited vehicle is entitled to redeem the forfeited vehicle, the Department shall serve, with the Commissioner's final decision, a Notice of Right To Redeem Forfeited Vehicle.
(b)The Notice of Right To Redeem Forfeited Vehicle shall advise such claimant that he or she may redeem the forfeited vehicle within thirty (30) days of the date of mailing of such Notice, but no earlier than seven (7) days from such date.
(c)Such claimant may redeem the forfeited vehicle by tendering a certified check or teller's check for the total of: (1) the amount of the Forfeited Ownership Interest; and (2) the amount of the reasonable expenses of the safekeeping of the vehicle between the time the vehicle was impounded and the date of redemption.
(d)Should the Commissioner determine that more than one claimant has a valid ownership or security interest in the vehicle, the Commissioner shall not deliver the vehicle to any such claimant, unless all such claimants tender to the Department a stipulation (1) designating a claimant who shall redeem and take delivery of the forfeited vehicle, and (2) holding the City of New York, its agencies and officials harmless from any claim of misdelivery of the forfeited vehicle. If no such stipulation and release is tendered, an interpleader action, in which such claimants can adjudicate their right to take delivery of the forfeited vehicle, shall be promptly commenced on behalf of the Department in a court of competent jurisdiction.
