The New Mexico Manufactured Housing Bond is required for Licensed Contractors who wish to perform work on manufactured homes. The amount for the bond is set at $10,000.
What is the purpose of the Manufactured Housing Bond?
The bond is a CID Crossover Contractor Consumer Protection bond. It states that if the bondholder has violated a provision or provisions of the Manufactured Housing Act of Regulations and that the violation has resulted in a monetary loss to a consumer, then the bondholder shall pay back the consumer within 30 days of said determination becoming final.
What are some other License Requirements?
Licensed contractors working on Manufactured Homes must be registered with the Manufactured Housing Division before doing any work. Aside from the New Mexico Manufactured Housing Bond, the contractor must also submit the following:
- A competed application form.
- Copy of their Construction Industries Division wallet license.
- $100 payment for the license made payable to the Manufactured Housing Division.
How much is the bond premium and where can I get a New Mexico Manufactured Housing Bond?
In order to find out the cost of the surety bond, all we need is a completed application. Surety1 has access to the best surety markets available. We will be able to get you bonded quickly at the best possible price.
Use our free online application form to submit your application. One of our Surety Agents will contact you shortly with a no-obligation quote on the bond premium. Once you remit payment and sign the paperwork, we will send you the New Mexico Manufactured Housing Division Bond right away.
Our company is located in California, but we have been issuing surety bonds for all 50 states since we started in 2003. Our dedication to our clients has even allowed us to maintain an A+ rating from the Better Business Bureau.