When the owner of a vehicle registered under these regulations has transferred the title of the vehicle to a new owner, or has otherwise relinquished the use of the vehicle for hire, upon sufficient proof thereof to the Director, the certificate holder may have the certificate transferred to another vehicle to be used by him for hire in accordance with this Subtitle and State law, and thereupon the Director, upon receipt of payment of Two Hundred Fifty Dollars ($250.00), shall issue a new certificate to the owner for the replacement vehicle for the balance of the registration year, provided that the replacement vehicle meets all the requirements of this Subtitle. The payment for issuance of a new certificate from a non-accessible vehicle to an accessible taxi shall be waived. A certificate may be transferred, provided that the following requirements have been met: The certificate holder notifies the Department in writing of the proposed transfer at least forty-five (45) calendar days prior to the date of the proposed transfer; Notification includes the terms and conditions of the proposed transfer and the name of the proposed transferee; The transferee satisfies all of the requirements of this Subtitle; The certificate is not under suspension or revocation or under appeal from a suspension or revocation and does not have any outstanding fines, fees, or penalties; The Director has approved the proposed transfer of the certificate and the transferee has paid a transfer fee to the County of Three Thousand Five Hundred ($3,500) plus all other routine fees for the issuance of a certificate. The transfer fee for the transfer of a certificate from a non-accessible vehicle to an accessible taxi shall be waived. The transferee has assumed any debts and other obligations to the County of the transferor related to the taxicab business. A certificate that is assigned to an accessible taxi can only be transferred for the operation of an accessible taxi. In those cases where the individual certificate holder wishes to transfer a certificate to a company or a corporate entity entirely owned by the certificate holder and his immediate family, there shall be no transfer fees involved except for the full annual certificate fee which shall be paid at the time of the transfer. The transferred certificate shall be reissued for a period of one year and any previously paid annual certificate fee shall not be refunded. A certificate may only be transferred once in any three year period under any provisions of this Subtitle. Any company or corporate entity which transfers a certificate or certificates by sale by its owner or owners shall pay fees associated with the transfer provisions in proportion to the number of certificates held and the percentage change of company ownership.