This surety bond is required by the New Mexico Regulation and Licensing Department. A claim can be placed on the bond if the bondholder is found in violation of building code, as set forth in NMAC Title 14, Chapters 7 through 10, and after being given a reasonable opportunity to cure such violation, fails to do so. The required bond amount is $10,000. Typically, the premium on this bond is as little as $100.
To Get a New Mexico Contractor License Code 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.