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New Mexico bonds

New Mexico — Contractor License Bond

New Mexico's CID licensing rule requires a $10,000 bond for initial licensure and renewal, maintained throughout the actual license period. Its stated use is curing Division-certified code violations caused and left uncorrected by the licensee, not reimbursing every construction dispute.

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Recorded state
New Mexico
Bond type
Contractor License / Registration Bond
Category
Contractors & construction

What this bond does

Provide the Construction Industries Division's required proof of financial responsibility for contractor licensure.

Who needs it
Contractor-license applicants and licensees matching their CID business and licensing or renewal period.
Who it protects
The rule directs bond payments to curing certified, contractor-created and uncorrected code violations. CID's enforcement guidance distinguishes that limited remedy from general damages, contractual disputes and poor-workmanship reimbursement. The bond is not liability insurance or a full performance/payment guarantee.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Match the code-bond obligation, not a general promise to pay

14.6.3.8(C) NMAC requires an authorized corporate surety and coverage for the entire initial or renewal license period. Confirm the accepted CID form, legal licensed entity and actual dates before applying; the license cycle does not prove a preset term in this purchase choice.

The Division's enforcement guidance says the contractor first has an opportunity to correct a confirmed code violation. Potential bond use depends on its conditions; an investigation does not generally deliver reimbursement for other losses.

Maintain the security and complete licensing separately

The rule requires the carrier to give CID and the licensee 30 days' prior written cancellation notice and provides for replacement security to avoid license cancellation. That notice is not an application-processing promise or permission to continue uninsured or unbonded.

Purchase Now opens Propeller in a new tab. Match the actual CID request and accepted $10,000 instrument first, check the issued principal and dates, then submit through the current licensing process. Separate manufactured-housing crossover registration and consumer-protection security are not automatically satisfied by the CID code bond.

Sources

Have these ready

  1. Bring the actual CID license application or renewal request and legal business name.
  2. Confirm the accepted $10,000 code-bond form.
  3. Match the entire actual licensing period rather than assuming a listed term.
  4. Check issuance and submit through the separate current licensing process.

Questions about this bond

Does the code bond reimburse every construction loss?

No. The rule specifies Division-certified code violations caused and left uncorrected by the licensee; CID distinguishes other damages and contractual disputes.

Is the 30-day cancellation notice a processing time?

No. It is the carrier's prior-notice requirement to CID and the licensee, with replacement security and license consequences addressed separately.

Does it automatically satisfy manufactured-housing crossover security?

No. Confirm the separate Manufactured Housing Division registration and consumer-protection request for that activity.

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