New Mexico Mortgage Brokerbonds are required by The New Mexico Regulation And Licensing Department to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Each entity has their own New Mexico Mortgage Broker Bond Form, so you will need a different New Mexico Mortgage Broker bond for each state you will be transacting business in.