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New Mexico bonds

New Mexico — Gas Utility Guarantee Bond

Match the New Mexico Gas Utility Guarantee offering to the actual utility's customer-account security request before applying.

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Recorded state
New Mexico
Bond type
Utility Deposit Bond
Category
Utilities

What this bond does

Use this offering only when the requested guarantee secures matching gas-customer payment duties under an accepted utility bond form.

Who needs it
Applicants with an actual New Mexico gas-account guarantee request matching this offering.
Who it protects
The recipient in the accepted form receives account security. Gas bills remain payable.

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.

Details

Obtain the full legal utility recipient and requested guarantee form; the title alone does not identify a particular company or establish acceptance by every New Mexico gas provider. Guarantee is not a promise of service activation, and a personal guaranty, supplier license or gas-construction requirement should not be treated as the same obligation.

Purchase Now opens one Propeller application in a new tab, without preset amounts or terms. Prepare the legal customer, covered gas accounts, amount and effective date. After issuance, check and deliver the document as instructed. Acceptance, gas activation and cash-security release remain separate.

Sources

Have these ready

  1. Actual gas-account guarantee request and full accepted utility recipient/form.
  2. Legal customer, New Mexico service locations and covered gas accounts.
  3. Required amount, effective date and delivery instructions.

Questions about this bond

Does the title establish the recipient company?

Use the full legal utility recipient in the actual guarantee request.

Is a personal guaranty or supplier license interchangeable?

Match the account-payment obligation and accepted bond form rather than the word guarantee.

Does applying refund cash security?

Not automatically. Confirm acceptance and release instructions directly.

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