Any individual applying for a license to act as a property bondsman in New Mexico. Required when: Prior to the issuance of a license to act as a property bondsman. Exemptions: Limited surety agents (appointed by an authorized surety insurer) and solicitors (employed by a licensed bail bondsman) are not required to pos…
Overview
What it is.
Any individual applying for a license to act as a property bondsman in New Mexico. Required when: Prior to the issuance of a license to act as a property bondsman. Exemptions: Limited surety agents (appointed by an authorized surety insurer) and solicitors (employed by a licensed bail bondsman) are not required to pos…
Who usually needs it
Any individual applying for a license to act as a property bondsman in New Mexico.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNMBond amount$25,000Term lengthContinuousObligeeNew Mexico Office of Superintendent of InsuranceRenewalThe bond must be maintained for the duration of the license. The license itself must be continued annually by payment of the continuation fee before April 30th.Bond classLicense BondCategoryInsuranceBondProperty Bondsman Surety BondStatutory referenceNMSA 1978, § 59A-51-8JurisdictionState
