The New Mexico Motorcycle Dealer Bond is required by the State of New Mexico, Motor Vehicle Division, in the amount of $12,500. The bond states that the bondholder will comply with the provisions of Section 66–4–7, NMSA 1978 Comp, as amended. The bond serves as an assurance to the state that the applicant will do their business following the regulations of the state.
What are the requirements in order to be a Licensed?
Applicants will need to complete the Motorcycle Dealer Application Information form. Every application shall be verified by the oath of affirmation of the applicant. Applicants must also pay the required fee.
How do I obtain a New Mexico Motorcycle Dealer Bond?
Surety1 can provide all your surety bond needs. We can assure you of two things. One is that we offer the lowest rates in the market. This is made possible through our partnership with over a dozen A-rated surety companies. The second assurance is that our application process is very simple and short. Most of our clients get their application approved within just one business day.
To begin the process, please complete the free online application form. We will then have one of our licensed agents contact you with a quote for your bond premium. Next, pay the said amount, and sign the agreement. We will send your Motorcycle Dealer Bond via USPS Priority Mail. For clients who need to get it faster, overnight delivery is also an option, you just need to pay an additional cost.
Our company, Surety1, is one of the best in the business. We started in 2003, issuing surety bond for clients from all 50 states. We continue to be recognized by the Better Business Bureau with an A+ rating.
Call us toll free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.