1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

New Mexico Repossessor's Company Bond

How much does a corporate repossessor surety bond cost in New Mexico?

The Financial Institutions Division of New Mexico requires repossessor companies to be bonded for $5,000.

SuretyBonds.com issues these bonds instantly for just $100. No credit check is required, so everyone qualifies for this low, flat rate. What are you waiting for? Get bonded now!

Bond Type Bond Amount Cost*
$5,000 Repossessor's Company Corporate Bond $5,000 $100 Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Give us a call at 1 (800) 308-4358, or fill out our easy online contact form. Our experts will get you set up with the New Mexico surety bond you need instantly for just $100!

Why do I need this bond?

New Mexico repossessor company surety bonds ensure that the principal (repossessor company) complies with all provisions, rules and regulations stated in the Collection Agency Regulatory Act, NMSA 1978, Chapter 61, 18A. This bond also serves as an indemnity to any person who suffers damages or loss due to the principal’s failure to conduct ethical and lawful business.

Pay just $100 for a New Mexico repossessor’s company corporate bond when you work with SuretyBonds.com. Get bonded now!

What’s the fine print?

This bond expires when the principal’s license is withdrawn, terminated through non-renewal or revoked by the Director of the Financial Institutions Division. The surety can cancel the bond at any time by giving written notice of the impending termination to the director. Termination becomes effective 30 days from the receipt of such notice.

How to start a repossessor company in New Mexico

To conduct legal business in New Mexico, repossessor companies must provide the following information:

  • the applicant’s name and trade name
  • the physical address of the main business office
  • the name and mailing address of the contact person
  • whether the business is a corporation (New Mexico or foreign), a partnership, a LLC, a registered LLP, a sole proprietorship or other
  • a current signed financial statement
  • a $5,000 surety bond
  • the $250 application fee
  • and more

Complete licensing information can be accessed via the Additional Resources section of this page.

Ready to conduct business as a repossessor? Kickstart the licensing process by getting bonded now!

Ready to get started?

Buy Your Repossessor Company Bond Now!

Additional Resources

Repossessor’s Company Corporate Surety Bond form

State of New Mexico Regulation and Licensing Department Financial Institutions Division Application for Original Repossessor

State of New Mexico Regulation and Licensing Department Financial Institutions Division Renewal Application for Repossessor License

New Mexico Regulation and Licensing Department Financial Institutions: Overview

New Mexico Regulation and Licensing Department Financial Institutions Collection Agencies, Managers and Repossessors: Forms and Applications

Overnight Shipping
50,000 Satisfied
Customers Nationwide
No Hidden Fees