About the New Mexico Motor Vehicle Dealer Bond
The Motor Vehicle Dealer bond is a contractual agreement between three parties. You are the principal. The obligee is the state Motor Vehicle Division. The surety is the third party which provides the bonding. Auto dealer bonds do not protect the principal from lawsuits, but rather it protects the consumer from fraud or misrepresentation by the …
The Board of Certified Real Estate Appraisers now require real estate appraisal management companies to register and post a $50,000 bond. This new bond agreement guarantees that they will follow all applicable laws and regulations in the state in which they place appraisers in. This surety bond protects the state and the public by guaranteeing that appraisal management companies will …
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