This surety bond is required by the New Mexico Department of Motor Vehicles under the provisions of Section 44, Chapter 64-3-24, Session Laws of New Mexico, 1953. When the title of a vehicle is damaged or cannot be produced, they generally request you to obtain a surety bond. The required bond amount is twice the amount of the vehicle. Surety1 usually offers this bond with rates as low as 1%.
To Attain a New Mexico Certificate of Title Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.