New Mexico — Motorcycle Dealer Bond
The New Mexico Motorcycle Dealer Bond is a required financial guarantee for entities obtaining a license to operate as a motorcycle dealer within the state. This surety bond ensures that the dealer complies with state regulatory requirements during their business operations.
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- Recorded state
- New Mexico
- Category
- Vehicles, titles & transportation
What this bond does
The bond serves to protect the State of New Mexico by ensuring that licensed motorcycle dealers adhere to the provisions established in Section 66-4-7 of the NMSA 1978 Comp. It functions as a security mechanism linked to the maintenance of the dealer license.
- Who needs it
- Applicants and existing business owners seeking licensure as motorcycle dealers in New Mexico who must satisfy state bonding requirements to maintain operational authorization.
- Who it protects
- The bond is held for the benefit of the State of New Mexico. It mandates that the bonded principal complies with relevant state laws as a condition of their licensure, protecting the state against non-compliance with the statutes regulating motorcycle dealer activities.
Your bond option
This is the option on record for this bond.
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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.
Sources
- New Mexico Motor Vehicle Division Vehicle Dealer Bond Form (opens in a new tab)Checked October 18, 2026
Have these ready
- Verify that the principal's business name matches the legal name used on your dealer license application.
- Confirm your bond amount of $12,500 for a motorcycle dealer license.
- Prepare to file proof of the bond annually before the March 31st license renewal deadline.
- Ensure both the principal and the corporate surety affix the required seals to the bond documentation.
Questions about this bond
What is the bond amount for a New Mexico Motorcycle Dealer?
The state requires a $12,500 bond for motorcycle dealers.
When does the bond need to be renewed?
The bond must run concurrently with your dealer license, which expires annually on March 31st.
Can a surety cancel the bond?
Yes, the surety may terminate future liability by providing written notice to the Director of the Motor Vehicle Division, effective 30 days after receipt.
Who is the primary beneficiary of this bond?
The bond is issued in favor of the State of New Mexico.