Okay, TNC stands for “transportation network company”, a term defined in a recently enacted part of the State Vehicle & Traffic Law. A TNC is a business, also known as a "rideshare company", licensed by DMV to use a digital network to connect passengers to TNC drivers for prearranged trips.
If I'm good with the New York City Taxi & Limousine Commission, can I work for Lyft outside of New York City
Yes but only if you are authorized by a licensed TNC company, and only if you use a different vehicle than you drive for hire in New York City
Okay. Now, about licensed by DMV. Great. But what will happens to the money that still remains there?
You can get it back, with a refund check issued by the dmv or you can transfer it to another escrow account you have with the dmv.
Got it. Some few days ago, I changed my residence, to a new house, so about this letter, which address should I use, the old or the new one?
You must send the dmv both address.
O.k., great. And once my account get close, which will be the next step?
You'll need to be sure to let us know what do you want to do with the remaining balance, if there is any.
alright, good. But, what happens if I don't have a letterhead?