Surety Bonds in New Mexico
3 bond types covered for New Mexico with statute-cited requirements, bond amounts, and filing process. Pages are sourced from official NM government documents and updated as laws change.
Contractor License Bond
$10,000
$10,000 surety bond required as proof of financial responsibility for every contractor license issued by the Construction Industries Division, including the GB-98 General Building Contractor classification.
Statute: 14.6.3 NMAC (Contractor License Requirements - Proof of Financial Responsibility); NMSA 1978, §§ 60-13-1 to 60-13-59 (Construction Industries Licensing Act)
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Motor Vehicle Dealer Bond
$12,500 to $50,000
$50,000 corporate surety bond for dealers, wholesalers, distributors, auto recyclers, and title service companies. $12,500 bond for motorcycle-only dealers. Authority: NMSA 1978 § 66-4-7.
Statute: NMSA 1978 § 66-4-7
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Notary Public Bond
No state bond required
New Mexico does not require a surety bond for traditional notaries public under the Revised Uniform Law on Notarial Acts (2021). Remote online notaries (RONs) are required to obtain a $10,000 surety bond.
Statute: NMSA 1978, §§ 14-14A-1 to 14-14A-32 (Revised Uniform Law on Notarial Acts, 2021)
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