New Mexico Certificate of Title Bond Guide
SuretyBonds.com provides the fastest and easiest way to get a New Mexico bonded title. Learn how to navigate the certificate of title bonding process with this complete guide.
Bond Overview
- Purpose: To guarantee legal ownership of a vehicle
- Who Needs It: Individuals looking to register a vehicle without a valid title
- Regulating Body: The New Mexico Motor Vehicle Division
- Required Amount: 2x the vehicle’s appraised value
- Premium Rate: Typically $15/$1,000 in coverage, starting at $100
What Is a New Mexico Bonded Title?
A bonded title is a certificate of title backed by a surety bond that allows you to legally register your vehicle with the state of New Mexico.
It proves you are the legal owner of a vehicle when the original title is invalid, unavailable or can not be transferred.
What Is a New Mexico Certificate of Title Bond?
The New Mexico Motor Vehicle Division (MVD) requires a certificate of title bond to register vehicles with lost, stolen, or missing titles.
Title bonds protect previous and future owners from losses resulting from ownership disputes or fraud.
If you’re planning to sell vehicles, you need a separate New Mexico vehicle dealer bond.
How Much Title Bond Coverage Do I Need?
Your New Mexico vehicle title bond amount must be two times the vehicle’s current retail value.
Use the National Automobile Dealers Association (NADA) site to determine your vehicle’s value. Contact the New Mexico MVD if you need help verifying your exact required bond amount before beginning the process.
How Much Do Certificate of Title Bonds Cost in New Mexico?
New Mexico lost vehicle title bond costs start at $100 for the 3-year term.
Exact costs vary depending on the vehicle’s value and the resulting coverage required by the MVD:
- $100-$50,000 Bond: $15/$1,000, starting at $100
- $50,000+ Bond: Prices start at $750, application required
Select your bond amount below to buy now or apply for a free quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Certificate of Title Bond?
Individuals must file a surety bond if they are missing official vehicle ownership documentation according to New Mexico Statutes Section 66-3-24.
You may need a bonded title under the following conditions:
- You did not receive a title when you bought the vehicle
- The title you received was incorrectly assigned to you
- You received a title but lost it before transferring it into your name
Only New Mexico residents are eligible to get a bonded title.
How Does a New Mexico Title Bond Work?
A New Mexico lost vehicle title bond creates a legal contract between three parties:
- Principal: You, the bonded title applicant purchasing the bond
- Obligee: The New Mexico Motor Vehicle Division requiring the bond
- Surety: The provider issuing the bond
The New Mexico bonded title protects any prior owner or future purchaser of the vehicle from expenses, losses, or damages.
For example, if the original title is found and a valid claim is made, the surety company will pay damages up to the full bond amount. The bonded vehicle owner must then reimburse the surety.
How Do I Get a Certificate of Title Bond in New Mexico?
SuretyBonds.com provides the fastest and easiest way to get bonded. Just follow these quick steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day*
- Buy online or over the phone
- Receive your title bond digitally
- File your bond with the MVD
*Note: For bond amounts between $100 and $50,000, you’ll receive your bond instantly.
What to Include on Your Bond Application
When applying for your New Mexico certificate of title bond, be sure to include the following information:
- The year, make and model of the vehicle
- The Vehicle Identification Number (VIN)
Do I Need to Renew My Title Bond?
No, your New Mexico certificate of title bond will expire after three years.
After that, the bonded title will be removed from record and you can get a standard title.
How to Get a Bonded Title in New Mexico
The New Mexico Department of Taxation and Revenue MVD enforces vehicle registration requirements and approves bonded title applications.
Follow the five steps below to apply for your New Mexico bonded title.
Step 1: Complete a vehicle record search
Contact your local Motor Vehicle Division office to check if your vehicle is still registered under a previous owner’s name or if there are any existing liens.
Step 2: Get a VIN inspection
If there are no liens or identified owners on record, visit a local MVD office for a certified VIN inspection.
You’ll need the inspector to complete an Affidavit of VIN form for your bonded title application.
Step 3: Appraise the vehicle
Determine your vehicle’s value using the average value on NADA. If you are titling a motorcycle, mobile home or specialty car, check the MVD Bonds and Liens page for valuation details.
Your surety bond must be 2x the appraised value.
Step 4: Purchase a surety bond
Once you know your bond amount, your title bond from a licensed surety provider like SuretyBonds.com. Prices start as low as $100.
Step 5: Submit your application
Complete the bonded title application form and gather the following documents:
- Affidavit of VIN form
- Any ownership documents (bill of sale, canceled check, etc. )
- Proof of New Mexico residency
- Signed title bond form
Submit this packet with payment for applicable registration fees to your local MVD office or mail to the following address:
Motor Vehicle Division – Dealer Licensing Bureau
Attn: Surety Bonds
505 Marquette NW Suite 1501
Albuquerque, NM 87102
How Long Does it Take to Get a Bonded Title in New Mexico?
The MVD will review your bonded title application and notify you when it is approved. Expect at least 30 days of processing time.
