This surety bond is required by the New Mexico High Education Department. The bond states that, if the bondholder’s school closes or otherwise fails to provide services for which students have contracted, the bondholder shall make appropriate refunds to students, or provide teach-out arrangements at no additional costs to the students. The required bond amount varies, but Surety1 can provide this bond at a competitive price regardless of the bond amount you need.
To Obtain a New Mexico Private Postsecondary Institution 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.