New Mexico Promoter Bond Overview
- Purpose: To ensure athletic event promoters fulfill obligations and follow regulations
- Who Needs It: Promoters of professional combative athletic events in New Mexico
- Regulating Body: The New Mexico State Athletic Commission
- Bond Amount: $10,000
- Minimum Price: $100; credit-based
What Is a New Mexico Promoter Bond?
A New Mexico athletic event promoter bond, also known as a promoter bond, is a form of financial security. It holds combative sporting event promoters financially responsible for being compliant with state regulations.
Who Needs an Athletic Event Promoter Bond?
Anyone hosting and promoting amateur or professional competitive combative sports competitions in New Mexico needs a $10,000 bond. This includes the following combat sports:
- Boxing
- Kickboxing
- Wrestling
- Mixed martial arts
How Much Do Athletic Event Promoter Bonds Cost in New Mexico?
The state-required $10,000 promoter surety bond costs $100 for qualified applicants. Your exact rate may vary based on personal credit score. Apply for your free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a New Mexico Athletic Event Promoter Bond Work?
This type of surety bond creates a legal contract between you and two other parties.
- Principal: The promoter filing the bond
- Obligee: The New Mexico State Athletic Commission
- Surety: The provider issuing the bond
Under the bond terms, promoters must follow the provisions of the New Mexico Athletic Commission and all athletic event regulations.
How Do I Get an Athletic Event Promoter Bond in New Mexico?
Follow these steps to get your New Mexico event promoter bond today:
- Apply for your free quote
- Provide any information and signatures as requested
- Complete the online purchase
You’ll get an email shortly after checkout with the official bond form. Remember to file it with the Commission as instructed.
Can I Get Bonded With Bad Credit?
Poor personal credit can impact your rate and likelihood of being approved for a promoter bond. However, we work to approve 99% of applicants. Apply today to see if you qualify.
How Do I Renew My Bond?
You’ll need to renew your bonds each year. We’ll provide helpful reminders before your bond expires. All you need to do is pay the renewal invoices and your bonds will stay active for another year.
Can I Make Changes to My Bond Form?
Do you need to update a simple detail on your bond, such as a name or business address? Email us with the change request at [email protected].
How to Get an Athletic Event Promoter License in New Mexico
The New Mexico Athletic Commission oversees athletic event promoter licensing. Gather the following materials to complete your promoter license packet:
- Completed license application
- $10,000 surety bond
- One 2x2 passport-style photograph
- Check for license fees: $250 in-state, $500 out-of-state
Mail your application via USPS to:
New Mexico Athletic Commission
P.O. Box 25101
Santa Fe, New Mexico 87504
Or, mail by UPS or FedEx to:
New Mexico Athletic Commission
Toney Anaya Building
2550 Cerrillos Road, Second Floor
Santa Fe, New Mexico 87505
