{"id":1371,"date":"2014-03-16T21:35:37","date_gmt":"2014-03-16T21:35:37","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1371"},"modified":"2017-03-02T00:09:18","modified_gmt":"2017-03-02T00:09:18","slug":"new-mexico-motor-vehicle-dealer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/new-mexico-motor-vehicle-dealer-bond\/","title":{"rendered":"New Mexico Motor Vehicle Dealer Bond"},"content":{"rendered":"<p>New Mexico auto dealers remember your renewal. \u00a0By March 31st you must file the appropriate licensing materials, fee and make sure that your <strong>New Mexico motor vehicle dealer bond\u00a0<\/strong>is up to date. Also, remember the changes to\u00a0Section 66-4-2.A NMSA 1978, which added continuing education language requiring all New Mexico independent automobile dealers to\u00a0attend a continuing education classes every two (2) years in order to renew your <strong>New Mexico dealer\u00a0license<\/strong>. \u00a0This statute exempts both franchise and recreational vehicle dealers. An independent automobile dealer is one that does not have ANY franchise agreements with ANY manufacturers and sells used vehicles ONLY.<\/p>\n<p>The <strong><a href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">New Mexico car dealer bond<\/a>\u00a0<\/strong>must evidence that your surety bond is paid and runs concurrent with the 2014 license, i.e., April 1st, 2014 to March 31, 2015. \u00a0The bond obligation guarantees that the applicant shall comply with the provisions of Section 66 &#8211; 4 &#8211; 7, NMSA 1978 Comp, as amended, and all subsequent amendments thereto. \u00a0The New Mexico\u00a0<strong>auto dealer bond<\/strong> is continuous in form, remaining in full force and effect concurrently with the underlying license unless terminated by the surety company. \u00a0Termination of the bond requires that the surety serve notice in writing upon the Director of the Motor Vehicle Division, and is then discharged from any liability occuring after termination of suretyship as of the thirtieth day after receipt by the Director of Motor Vehicles. \u00a0Auto dealers must provide a$50,000 surety bond. Motorcycle dealers must provide a $12,500 surety bond.<\/p>\n<p><strong>New Mexico surety leader<\/strong>,\u00a0<a href=\"https:\/\/suretyone.com\" target=\"_blank\">Surety One, Inc.<\/a>\u00a0offers\u00a0motor vehicle dealer bonds\u00a0in all states where they are required by law. Our special programs allow us to offer bonding support <span style=\"text-decoration: underline;\">regardless of your credit condition<\/span>. Need to know the bond requirements for dealers in any state? \u00a0Click <a href=\"https:\/\/suretyone.com\/pdf\/commercial\/license-bonds\/motor-vehicle-dealer-bond-requirements.pdf\" target=\"_blank\">here<\/a> for our MVD bond guide. \u00a0We also offer certificate of title bonds and lien release bonds which are sometimes needed in the course of your dealership operations. \u00a0Visit us at\u00a0<a href=\"https:\/\/suretyone.com\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email us at\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for a <strong>New Mexico motor vehicle dealer bond<\/strong>\u00a0application or for information on any surety need.<\/p>\n<p>#surety #suretybond #suretybonds #SuretyOne #autodealer<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Mexico auto dealers remember your renewal. \u00a0By March 31st you must file the appropriate licensing materials, fee and make sure that your New Mexico motor vehicle dealer bond\u00a0is up to date. Also, remember the changes to\u00a0Section 66-4-2.A NMSA 1978,&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/new-mexico-motor-vehicle-dealer-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[162,161,1686,1687,1689,1690,1691,1688,1583],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Mexico Motor Vehicle Dealer Bond<\/title>\n<meta name=\"description\" content=\"By March 31st you must file the appropriate licensing materials, fee and make sure that your New Mexico motor vehicle dealer bond is up to date.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/new-mexico-motor-vehicle-dealer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Mexico Motor Vehicle Dealer Bond\" \/>\n<meta property=\"og:description\" content=\"By March 31st you must file the appropriate licensing materials, fee and make sure that your New Mexico motor vehicle dealer bond is up to date.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/new-mexico-motor-vehicle-dealer-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-16T21:35:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-02T00:09:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/new_mexico_auto_dealer_bond.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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