New Mexico Surety Bond Types

Surety bonds in New Mexico protect all sorts of individuals and businesses in varying industries: big ones, small ones, ones with a lot to lose and ones with just a little. One of the nation’s biggest industries also has a lot of money it could lose: the oil industry. As one of the most influential industries in the country, there are many businesses that work within it, and these businesses need protection. Likewise, the consumers of these businesses need protection. The government ensures this protection by requiring businesses within the oil industry to be bonded.

When businesses are bonded it holds them accountable for the decisions they make. If a bonded business gets caught participating in fraudulent activities or making other unethical decisions, then the government can make a claim on the bond since the business broke its contract. The business is then required to pay the government a fee up to the full face value of the bond. Since most businesses want to avoid such penalties, this practice reinforces ethical decision-making.

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One example of these types of bonds is the special fuel supplier and gasoline distributor bond that the New Mexico state government requires fuel suppliers and gasoline distributors to secure to legally run a business in the state. The terms of the bond require these individuals or businesses to file all reports and make all tax payments in a timely manner. If the individual or business fails to meet these standards, then the New Mexico state government can make a claim on the bond to seek retribution.

But businesses in the oil industry aren’t the only ones in New Mexico that must be bonded. Most businesses in today’s industries must be bonded to operate legally, so you should check your local and state rules and regulations for bonding requirements for your business. If you find out your type of business doesn’t require bonding don’t worry, you can still take advantage of all the extra protection provided by a surety bond.

If you’re not sure how to find exactly which bond is right for you or your business, browse online. If you need additional help you can also find surety bond specialists who are more than happy to help you secure the best bond for you. Applying for a bond is quick and easy once you have all the necessary information, and you can get a quote back within a few short days.

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Bond Type Obligee Cost Apply Get Quote
$10,000 Private Investigator or Private Patrol Operator License Bond
Toney Anaya Building, 2550 Cerrillos Rd.
Santa Fe, NM 87505
$10,000 Apply Now Get Quote
Albuquerque, New Mexico - Excavation Bond City of Albuquerque
1 Civic Plaza
Albuquerque , NM 87102
Apply Now Get Quote
Albuquerque, New Mexico - Sidewalk Bond City of Albuquerque
1 Civic Plaza
Albuquerque , NM 87102
Apply Now Get Quote
Albuquerque, New Mexico - Water Tapping Bond City of Albuquerque
1 Civic Plaza
Albuquerque , NM 87102
Apply Now Get Quote
Collection Agency Corporate Bond Financial Institutions Division
2550 Cerrillos Rd.
Santa Fe, NM 87505
$5,000 Apply Now Get Quote
Contract Performance and Surface or Improvement Damage Bond State Land Office
P.O. Box 1148
Santa Fe, NM 87504
$25,000 Apply Now Get Quote
Contractor License Bond Construction Industries Division
2550 Cerrillos Rd.
Santa Fe, NM 87505
Apply Now Get Quote
Escrow Company Corporate Bond Financial Institutions Division
2550 Cerrillos Rd.
Santa Fe, NM 87505
$50,000 Apply Now Get Quote
Improvement Damage Bond
(For Oil and Gas Leases)
State Land Office
P.O. Box 1148
Santa Fe, NM 87504
$10,000 Apply Now Get Quote
Independent Adjuster Bond Public Regulation Commission
P.O. Box 1269
Santa Fe, NM 87504
$10,000 Apply Now Get Quote
Mortgage Loan Company and Loan Broker Corporate Bond Financial Institutions Division
2550 Cerrillos Rd.
Santa Fe, NM 87505
$25,000 Apply Now Get Quote
Motor Vehicle Dealer or Dismantler Bond Motor Vehicle Division
P.O. Box 1028
Santa Fe , NM 87504
Apply Now Get Quote
Non Resident Insurance Broker Bond Division of Insurance
1120 Paseo De Peralta
Santa Fe, NM 87501
Apply Now Get Quote
Notary Public Bond Secretary of State
325 Don Gaspar Ave.
Santa Fe, NM 87503
$500 Apply Now Get Quote
One Well Plugging Bond
(For Chaves, Eddy, Lea, McKinley, Rio Arriba, Roosevelt, Sandoval and San Juan Counties Only)
Energy, Minerals and Natural Resources Department
1220 S. St. Francis
Santa Fe, NM 87505
varies Apply Now Get Quote
One-Well Plugging Bond
(For All Counties Except: Chaves, Eddy, Lea, McKinley, Rio Arriba, Roosevelt, Sandoval and San Juan)
Energy, Minerals and Natural Resources Department
1220 S. St. Francis
Santa Fe, NM 87505
varies Apply Now Get Quote
Public Official Bond State of New Mexico
Capitol Building
Santa Fe, NM 87503
varies Apply Now Get Quote
Putnam County, New York - Contractor Bond Putnam County
110 Old Route 6 Bldg. 3
Carmel , NY 10512
Apply Now Get Quote
Repossessor's Company Corporate Bond Financial Institutions Division
2550 Cerrillos Rd.
Santa Fe, NM 87505
$5,000 Apply Now Get Quote
Surplus Lines Broker Department of Insurance
P.O. Box 1269
Santa Fe , NM 87504
Apply Now Get Quote
Waste Management Facilities Bond Energy, Minerals and Natural Resources Department
1220 S. St. Francis
Santa Fe, NM 87505
varies Apply Now Get Quote
Workers' Compensation Bond Workers' Compensation Administration
2410 Centre Ave. SE
Albuquerque, NM 87125
varies Apply Now Get Quote