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SuretyGroup.com is licensed to write all New Mexico Surety Bonds and has the bond you need. Our Surety Bond Specialists in most cases can get you bonded quickly and easily. We offer low rates, dependable service and can write bonds for almost any bond type.
How Much Does a New Mexico Surety Bond Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).
By New Mexico state law, an abandoned vehicle is any type of motorized transportation that has been left on private or public property for an extended amount of time. After 30 days, a private property owner is allowed to file for an abandoned vehicle lien with any MVD office.
How Do Contractors Apply for a License in New Mexico? Step 1 ? Determine the License Classification. ... Step 2 ? Hire a Qualifying Individual. ... Step 3 ? Pass the Exam. ... Step 4 ? Purchase a Surety Bond. ... Step 5 ? Purchase Insurance. ... Step 6 ? Complete the Application.
After Purchasing a Vehicle The bill of sale is not enough to complete a vehicle transfer in New Mexico. Several additional documents are required before the transaction is official.
To recap, make sure your application packet includes each of the following: Certificate of title bond application (form MVD-10070) Affidavit of VIN Form (MVD-10861) Supporting documentation if applicable (e.g., bill of sale) Certificate of title bond. Proof of New Mexico residency.