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New Mexico bonds

New Mexico — VIN Inspector For Motor Vehicle Dealer Bond

New Mexico non-government VIN inspectors need a $30,000 bond for their individual authorization. Use the inspector's details and credential dates when starting this application with Propeller.

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Recorded state
New Mexico
Category
Vehicles, titles & transportation

What this bond does

A $30,000 bond is required for non-government VIN inspectors to be authorized to perform vehicle identification number inspections.

Who needs it
New Mexico VIN Inspector
Who it protects
The bond is a regulatory requirement for individual certification to perform inspections on behalf of the TRD-MVD.

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.

Bond Requirement

Except for government employees, all individuals seeking VIN inspector certification must post a $30,000 bond.

Certification Validity

VIN inspector credentials are valid for two years, and the expiration date coincides with the bond's expiration.

Sources

Have these ready

  1. Identify the individual inspector, government-employee status and credential dates rather than applying solely in a dealership’s name.
  2. Have the legal applicant name, requesting party and any required form available for the provider application.
  3. Compare the requested sum and effective dates with the actual option and issued document.

Questions about this bond

Do I need a bond if I am a government employee?

No, the $30,000 bond requirement applies only to non-government employees.

Can I let someone else perform inspections using my credentials?

No, an authorized inspector may not permit any other individual to perform any of the inspector’s delegated duties in the name of the inspector.

What should I prepare for this application?

Identify the individual inspector, government-employee status and credential dates rather than applying solely in a dealership’s name.

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