License and permit bonds are surety bonds required by New Mexico law, municipal ordinance or regulation. New Mexico surety bonds may be required by New Mexico statute in order to obtain a license or a permit from a state agency, or to meet financial responsibility. In most cases, a surety bond must be filed with your obligee before a license is granted or you engage in a particular activity.
Every Surety Company has different requirements for different New Mexico surety bond types. The surety bond company will evaluate your credit, financials and experience to determine if they will extend surety credit. Do not worry if you have been turned down for a New Mexico surety bond or if you do not meet the normal surety bond requirements we can help! We can bond almost any one without collateral for most license bonds for the state of New Mexico.
Call today and ask about our bad credit surety bond program or just fill out an application.
The surety bond cost varies for each bond type as well as for credit experience and financials. The cost of the surety bond can be anywhere from a half of a percent to twenty five percent.
New Mexico surety bonds are a reverse Insurance policy where the principal Indemnifies the surety and pays back all fees and expenses the surety may have suffered due to a claim. On this note, the Surety will review your personal credit and financial strength to determine surety credit.
New Mexico Surety bond Amounts as well as Obligee information changes frequently. The information you see below may be out of date. If you would like us to add additional bonds please let us know.
There are many different types of New Mexico surety bonds. Some of the most common surety bonds for New Mexico are:
If you didn't see your New Mexico surety bond type here please use this Surety Bond Application