The New Mexico Auto Recycler Surety Bond is required by the State of Mexico, Motor Vehicle Division, in the amount of $50,000 for the year. The bond confirms that the bond holder will comply with the provisions of Section 66 – 4 – 7, NMSA 1978 Comp, as amended, and all subsequent amendments. The bond is set to expire each year on March 31st. The cost of this bond with Surety1 starts at $375 for the year with a filled out application!