This surety bond is required by the State of New Mexico, Regulation and Licensing Department under the provisions of Chapter 61, Article 18A of the State of New Mexico Statutes Amended. The bond states that the bondholder shall strictly comply with the Collect Agency Regulatory Act and all amendments thereto, and all rules and regulations promulgated by the Director of the Financial Institutions Division in the administration of said Act. The required bond amount is $5,000. In most cases, the premium on this bond is as little as $100.
To Acquire a New Mexico Repossessor’s Surety 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.