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Association
Services Corporation dba New Mexico License Bonding
New Mexico License Bonding is an Independent Insurance Agency whose purpose
is to better serve those in the construction industry. New Mexico License
Bonding features RLI Insurance Company as its insurance carrier. Click
here for NMLB and RLI contact information
Contractors
License Bond
Mortgage Broker Bond
Manufactured Housing Installer's
or Repairman's Consumer Protection Bond
Sidewalk, Drive-Pad, Curb
& Gutter Bonds
Payment of Permit Fees Bond
Excavation Bonds
Notary Error & Omissions
Insurance
Download Acrobat
Reader to view and print PDF files.
Contractors
License Bond
This bond shows financial liability to the State for your contractors
license, which is a requirement in the State of New Mexico.
Click
to Print or Download Contractor License Bond Application.PDF.
Information about Contractors License
Bond
What the Law Says about Contractor's License Bonding
In addition to our excellent Contractors License Bonding service,
we also offer these bonds:
Mortgage
Broker Bond
Mortgage Broker's Bond covers any person suffering loss or damages as
a result of the Mortgage Broker's failure to comply with the provisions of
the Mortgage Loan Company and Broker's Act and all orders, rules and regulations
issued by the Financial Institutions Division. The $25,000 bond is a requirement
of the State of New Mexico Regulation and Licensing Department, and as of
January 31, 2002 there are no exemptions from this requirement.
Because the Mortgage Broker's Bond is a Surety Bond the applicant must provide
1. Application
2. Resume for all owners
3. Business balance sheet and income statement
4. Personal financials on all owners
5. Bank statements to verify cash balances
6. Copy of E & O declaration page or certificate of insurance
7. Top five lenders and how much sub prime lending have they been doing.
Click
to Print Application
Manufactured
Housing Installer's or Repairman's Consumer Protection Bond
Each installer and each repairman is required to maintain this $10,000
surety bond in addition to the Contractor's License Bond. This bond indemnifies
the consumer for losses due to fraud, misrepresentation, or violation of the
written warranty.
Click to Print Application
Excavation
Bond
This bond guarantees that the excavating contractor will put the street
back the way it was before the excavation.
Click to Print Application
Sidewalk,
Drive-Pad, Curb & Gutter Bonds
This bond guarantees the city or county that the sidewalk, drive-pad,
curb or gutter will be put in the subdivision by the developer according to
the requirements of the city or county and they will be completed within a
specific time frame.
Click to Print Application
Notary
Error & Omissions Insurance
This insurance requires no deductible or lenghty exclusions and we pay
defense costs regardless of the validity of any notary lawsuit. Please call
NMHBA for more information or email Melinda@nmhba.org
Payment
of Permit Fees Bond
This bond guarantees the contractor will be able to pull permits, as required,
for a period of time.