City of Portales Solicitor Bond Guide
If you’re applying for a solicitor’s license in Portales, New Mexico, you’ll need this surety bond.
Bond Overview
- Purpose: To hold solicitors accountable for operating honestly and legally
- Who Needs It: All solicitors working in City of Portales
- Regulating Body: The City of Portales
- Required Coverage: $1,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Portales Solicitor Bond?
In Portales, New Mexico, solicitor bonds protect the public from unlawful business practices and solicitations.
The bond allows for financial recourse if a solicitor doesn’t pay taxes or fees, breaks license regulations, or causes other damages.
How Much Do Solicitor Bonds Cost in Portales?
A $1,000 City of Portales, New Mexico solicitor bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Portales solicitor bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Portales Solicitor Bond Work?
A solicitor bond creates a legal contract between three parties:
- Principal: You, the solicitor filing the bond
- Obligee: The City of Portales requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable municipal ordinances, codes and regulations.
How Do I Renew My Bond?
These bonds expire annually. To renew your solicitor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
