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Popular Surety Bonds in New Mexico
Independent Adjuster Surety Bond
To be licensed to work as an insurance adjuster in New Mexico, you’ll need a $10,000 surety bond. This bond costs $100 and can be issued instantly online.
New Mexico Public Official Bonds
To hold a public official position, including treasurer, tax collector, or other, you must obtain a bond and renew it annually.
Certificate of Title Surety Bond
If you lost your car title, someone stole it, or you never received it when you purchased your vehicle, you may need a title bond.
Consumer Protection CID Crossover Contractor Bond
To activate your license as a contractor in New Mexico to work on manufactured homes, you must post a $10,000 surety bond.
Notary Bond
Notaries must post and maintain a $10,000 bond. These bonds last for four years and only cost $100.
Escrow Company Bond
The Financial Institutions Division requires escrow companies to post a surety bond. The bond ensures companies abide by the New Mexico Escrow Company Act.
Find Your New Mexico Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
How much does a surety bond cost?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, your credit score, and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate will be. However, we do not need to run your credit in some cases. We can issue some bonds instantly at a flat rate.
How do I know which bond I need in New Mexico?
Various businesses, contractors, and other professionals will need surety bonds to operate legally in New Mexico. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need various construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary,.
How to Get a Surety Bond in New Mexico
We’ll help you find the bond you need, complete the surety bond form, and you’ll be off and running. Call us at (888) 435-4191 or email support@zipbonds.com. We also have Live Chat on our website during working hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.