NEW MEXICO SURETY BONDS

DETERMINING YOUR NEW MEXICO BOND TYPE

Looking for fast and easy bonding solutions in New Mexico? American Surety Bonds offers a wide range of New Mexico surety bonds that can help you meet your bonding requirements quickly and efficiently. Our bonding experts will guide you through the entire process, making sure you get the right bond for your needs. From construction bonds to license and permit bonds, we have you covered. With our streamlined application process and competitive rates, getting bonded in New Mexico has never been easier. Contact us today to learn more about our New Mexico surety bonds and how we can help you secure the bonding you need.

An Administrator Bond is a type of surety bond required for individuals appointed as administrators of estates. It guarantees that the administrator will perform their duties in accordance with state laws and regulations, faithfully manage the assets of the estate, and pay any debts or taxes owed by the estate.

An Airline Reporting Corporation (ARC) Bond is a type of surety bond required by the Airlines Reporting Corporation for travel agencies that wish to issue airline tickets on behalf of airlines. It guarantees that the agency will adhere to ARC’s rules and regulations, accurately report and pay for all tickets issued, and protect the interests of the airlines.

An Appeal/Supersedeas Bond is a type of surety bond that allows a judgment debtor to stay enforcement of a judgment while an appeal is pending. It guarantees payment of the judgment and associated costs if the appeal is unsuccessful. The bond protects the judgment creditor and ensures that they are not left empty-handed if the appeal fails.

A New Mexico Appraisal Management Company Bond is a surety bond required by the New Mexico Real Estate Appraisers Board for appraisal management companies (AMCs). It guarantees that the AMC will adhere to state regulations, maintain financial responsibility, and compensate any parties who suffer losses due to negligence or misconduct in the appraisal process.

A Bid Bond is a type of surety bond that guarantees that a bidder will enter into a contract if they are awarded the bid. It provides financial protection to the project owner if the bidder fails to honor their bid or withdraws from the bidding process. The bond ensures that the owner will be compensated for any costs associated with finding a replacement bidder.

A New Mexico Collection Agency Bond is a type of surety bond required by the New Mexico Regulation and Licensing Department for individuals or businesses operating as collection agencies. It serves as a guarantee that the agency will comply with state laws and regulations and protects clients from financial harm caused by fraudulent or unethical practices.

A Conservator/Guardian of a Minor Bond is a type of surety bond required for individuals appointed as conservators or guardians of minors. It guarantees that the appointed person will manage the minor’s estate responsibly, comply with state laws and regulations, and act in the best interest of the minor. The bond protects the minor’s assets and interests.

A Conservator/Guardian of an Incapacitated Adult Bond is a type of surety bond required for individuals appointed as conservators or guardians of adults who are unable to manage their affairs due to incapacity. It guarantees that the appointed person will manage the adult’s estate responsibly, comply with state laws and regulations, and act in the best interest of the adult. The bond protects the adult’s assets and interests.

A New Mexico Contractor License & Permit Bond is a type of surety bond required for contractors to obtain a license or permit to operate in New Mexico. It guarantees that the contractor will comply with all state laws and regulations, pay subcontractors and suppliers, and complete the project according to the contract. The bond protects the state, project owner, and subcontractors.

A Dishonesty/Business Services Bond is a type of surety bond that protects businesses from financial losses resulting from fraudulent or dishonest acts committed by employees. The bond guarantees that the employer will be compensated for any losses resulting from employee theft or fraud. The bond provides financial security to businesses and protects against employee misconduct.

A DMEPOS Bond is a type of surety bond required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies to Medicare beneficiaries. It guarantees that the supplier will comply with all Medicare rules and regulations, bill accurately, and repay any overpayments. The bond protects Medicare and ensures that suppliers follow all applicable laws and regulations.

A DOT Right-of-Way Bond is a type of surety bond required by the Department of Transportation (DOT) to provide financial security for the acquisition of property for public transportation projects. It guarantees that the acquiring agency will compensate property owners for any damages, including fair market value and relocation costs. The bond protects property owners from financial losses resulting from DOT acquisitions.

A New Mexico Employee Leasing Program Bond is a surety bond required by the New Mexico Regulation and Licensing Department for companies engaged in employee leasing or professional employer organization (PEO) services. It provides financial protection to the state and clients, ensuring that the company fulfills its obligations, including payment of wages, taxes, and benefits on behalf of leased employees.

An Environmental Bond is a type of surety bond required for businesses engaged in environmentally sensitive operations, such as waste management, hazardous material handling, or pollution control. It guarantees that the business will comply with all applicable environmental laws and regulations, maintain and restore the environment, and pay for any damages resulting from environmental harm caused by their operations. The bond protects the public and the environment.

An ERISA Bond is a type of surety bond required for businesses that manage employee benefit plans regulated under the Employee Retirement Income Security Act (ERISA). It guarantees that the plan fiduciary will act in accordance with ERISA regulations, manage the plan in the best interest of its participants, and protect the plan’s assets from loss due to fraudulent or dishonest acts. The bond protects plan participants from financial loss resulting from fiduciary misconduct.

A New Mexico Escrow Company Bond is a surety bond required by the New Mexico Regulation and Licensing Department for escrow companies. It serves as a guarantee that the company will handle funds and documents entrusted to them with honesty, integrity, and in accordance with state laws and regulations, protecting clients from financial loss or misconduct.

A Fast Track Bond is a generic term that refers to bid bonds, supply bonds, maintenance bonds and payment & performance bonds are underwritten using the Fast Track application process. The Fast Track application process is for bids and contracts under $250,000 and relies heavily on the owner’s personal credit history.

A New Mexico Independent or Public Adjuster Bond is a surety bond required by the New Mexico Office of Superintendent of Insurance for independent or public insurance adjusters. It ensures that adjusters adhere to ethical business practices, act in the best interests of clients, and comply with state regulations, providing financial protection to clients in case of negligence or misconduct.

A New Mexico Insurance Premium Finance Bond is a surety bond required by the New Mexico Office of Superintendent of Insurance for companies engaged in insurance premium financing. It guarantees that the company will adhere to state laws and regulations, accurately calculate and collect premiums, and handle client funds responsibly, providing financial protection to insured parties and the insurance industry.

A New Mexico License & Permit Bond is a type of surety bond required by the state of New Mexico for businesses and professionals to obtain various licenses and permits. This bond guarantees that the bonded party will comply with all relevant laws and regulations, and pay any fines or damages resulting from non-compliance.

A Lost Instrument Bond is a type of surety bond required to replace a financial instrument that has been lost, stolen, or destroyed. It guarantees that the bondholder will indemnify the issuer against any loss or damage resulting from the replacement of the lost instrument. The bond protects the issuer from financial loss.

A Maintenance Bond is a type of surety bond that guarantees the quality of work performed by a contractor or builder. It ensures that the work will be free from defects for a specified period of time after completion, typically one or two years. If defects are discovered during this period, the bondholder can make a claim against the bond for the cost of repairs. The bond protects the owner from financial loss.

A New Mexico Manufactured Housing Bond is a surety bond required by the New Mexico Regulation and Licensing Department for businesses involved in the manufactured housing industry. It guarantees that the company will operate in compliance with state laws and regulations, including proper installation, maintenance, and sales practices, providing financial protection to consumers and ensuring the industry’s integrity.

A New Mexico Modular Structure Certification Bond is a surety bond required for businesses involved in certifying modular structures. It guarantees that the certifying entity will perform their duties in accordance with state regulations, ensuring the safety and compliance of modular structures and providing financial protection to consumers and the construction industry.

A New Mexico Money Transmitter Bond is a surety bond required for businesses engaged in transmitting money or electronic currency. It serves as a guarantee that the money transmitter will operate in accordance with state laws and regulations, safeguard client funds, and protect consumers from financial harm caused by fraudulent or unethical practices.

A New Mexico Mortgage Loan Company Bond is a surety bond required for companies involved in mortgage lending. It provides financial protection to borrowers and the state by ensuring that the mortgage loan company operates in compliance with state regulations, handles funds appropriately, and fulfills its contractual obligations in mortgage transactions.

A New Mexico Motor Club Bond is a surety bond required for motor clubs operating in the state. It guarantees that the motor club will fulfill its obligations, including providing roadside assistance, emergency services, and other benefits to its members. The bond provides financial protection to members and ensures the club’s compliance with state regulations.

A New Mexico Notary Bond is a surety bond required for individuals appointed as notaries public in the state. It serves as a financial guarantee that the notary will faithfully perform their duties, including verifying signatures, administering oaths, and executing notarial acts, while adhering to state laws and regulations, protecting the public from potential errors or misconduct.

A Payment and Performance Bond is a type of surety bond that guarantees a contractor’s ability to perform a construction contract and pay subcontractors, laborers, and suppliers. The bond is issued to the owner of the project and protects them in the event that the contractor fails to fulfill their obligations. If the contractor defaults, the bondholder can make a claim against the bond for the cost of completion or payment of subcontractors.

A New Mexico Private Patrol Operator Bond is a surety bond required for businesses operating as private patrol operators in the state. It guarantees that the operator will comply with state laws, regulations, and licensing requirements while providing security services. The bond offers financial protection to clients and ensures ethical and responsible conduct by the operator.

A New Mexico Private Postsecondary Institution Bond is a surety bond required for private postsecondary educational institutions in the state. It guarantees that the institution will operate in compliance with state regulations, fulfill its financial obligations to students, and provide quality educational services. The bond offers financial protection to students and the state.

A Probate Bond is a type of court bond that is required when someone is appointed as the executor or administrator of an estate. The bond ensures that the executor or administrator will manage the estate’s assets honestly and responsibly, pay all debts and taxes owed by the estate, and distribute the remaining assets to the heirs according to the terms of the will or the law. The bond protects the beneficiaries of the estate from any mismanagement or misconduct.

A New Mexico Professional Fundraiser Bond is a surety bond required for individuals or businesses engaged in professional fundraising activities in the state. It guarantees that the fundraiser will operate ethically, follow state regulations, and handle funds appropriately. The bond provides financial protection to donors and ensures transparency and accountability in fundraising efforts.

A New Mexico Promoter License Bond is a surety bond required for individuals or businesses involved in event promotion in the state. It guarantees that the promoter will fulfill their obligations, including event organization, ticket sales, and compliance with state laws and regulations. The bond provides financial protection to attendees and ensures the promoter’s integrity and responsibility.

A Release of Lien Bond is a type of surety bond that guarantees payment of a mechanic’s lien. It allows a property owner to have a lien released from their property before payment is made, with the bond acting as a form of collateral in the event that the lien is later found to be valid. The bond ensures that the property owner is protected from financial loss if the lien is successfully challenged in court.

A Replevin Bond is a type of surety bond that guarantees the return of property to its rightful owner. The bond is typically required when a person seeks a court order to seize property that is believed to belong to them but is currently being held by someone else. If the court orders the return of the property, the bond ensures that the person holding the property is compensated if the order is later found to be invalid.

A New Mexico Repossessor Company Bond is a surety bond required for businesses engaged in repossessing vehicles or other collateral. It guarantees that the company will operate in compliance with state laws and regulations, follow proper repossession procedures, and protect the rights of borrowers. The bond provides financial protection to borrowers and ensures fair and ethical practices in the repossession industry.

A New Mexico Service Contract Provider Bond is a surety bond required for companies offering service contracts to consumers. It guarantees that the service contract provider will fulfill their contractual obligations, provide the promised services, and comply with state laws and regulations. The bond provides financial protection to consumers and ensures the provider’s accountability and reliability.

A New Mexico Special Fuel Supplier/Gasoline Distributor Tax Bond is a surety bond required for businesses involved in the sale and distribution of special fuel or gasoline in the state. It guarantees the payment of taxes owed to the state, ensuring compliance with tax laws and regulations. The bond provides financial protection to the state and ensures responsible tax obligations by the supplier or distributor.

A Special Needs Trust Bond is a type of court bond required for the appointment of a trustee to manage a special needs trust. This bond ensures that the trustee will handle the trust assets in accordance with the law and the terms of the trust and protect the interests of the beneficiaries.

A Supply Bond is a contract performance bond that guarantees that a supplier will provide the goods or materials as agreed upon in the contract. It provides assurance to the project owner that the supplier will deliver the goods in a timely and satisfactory manner. In the event that the supplier fails to deliver, the bond amount may be used to compensate the project owner for any resulting losses or expenses.

TTB (Alcohol and Tobacco Tax and Trade Bureau) Bonds are required by the federal government for businesses that manufacture, import, export, or deal in alcohol, tobacco, and firearms. These bonds guarantee that the business will comply with all relevant regulations and pay all taxes and fees owed to the government.

A New Mexico Utility Bond is a type of surety bond that is required of companies that provide utility services to residents and businesses in the state of New Mexico. The bond guarantees that the utility company will comply with all applicable state and federal regulations and will provide reliable and safe services to its customers.

A New Mexico Vehicle Dealer or Auto Recycler Bond is a surety bond required for individuals or businesses engaged in the sale, purchase, or recycling of vehicles in the state. It guarantees that the dealer or recycler will operate in compliance with state laws, fulfill contractual obligations, and handle funds appropriately. The bond provides financial protection to customers and ensures ethical and responsible practices in the automotive industry.

A New Mexico Viatical Settlement Provider Bond is a surety bond required for companies engaged in viatical settlements, which involve the sale or transfer of life insurance policies. It guarantees that the provider will comply with state regulations, act in the best interest of policyholders, and handle funds responsibly. The bond offers financial protection to policyholders and ensures ethical practices in the viatical settlement industry.