New Mexico Dismantler Bond | AmeriPro Surety Bonds | 844-589-9732
AmeriPro Surety Bonds will help you to obtain your first-time New Mexico dismantler bond (also known as a New Mexico auto recycler bond) or your renewal bond if you are already licensed.
Applicants who are currently licensed will find helpful information on the renewal of their New Mexico auto recycler license.
New Mexico Dismantlers / New Mexico Auto Recyclers
Auto and vehicle dismantlers are in the profession of obtaining valued parts of vehicles which are no longer on our roads and highways, and having those parts removed (dismantled) and recycled for reuse or for even the metallic value of the part.
New Mexico dismantlers are regulated by the Motor Vehicle Department in New Mexico, tax and revenue department.
Becoming Licensed as a New Mexico Dismantler/ Auto Recycler:
Obtaining a New Mexico dismantler license involves the following:
* Providing an affidavit [ of disciplinary activity and criminal history;
* Providing an application [which requests information on the applicant and any officers or controllers of the auto dismantling company, if applicable;
* Providing a short application which allows for the inspection of the place of business;
* Providing a place of business application form;
*Obtaining and then filing the required surety bond with the State of New Mexico, Motor Vehicle Division.
New Mexico Dismantler bond: Amount and Purpose
The New Mexico dismantler bond is for $50,000 and is required by the obligee, that is, the Motor Vehicle Division of the state of NewMexico.
The purpose of the bond is to protect the state and any consumers from acts of fraud, theft, or other criminal activity which may occur as a New Mexico auto dismantler.
New Mexico Dismantler Bond: Premium
While the amount of the surety bond is $50,000, the premium will be a small percentage of that amount.
The premium for the New Mexico dismantler bond will be determined by the applicant’s credit score and an applicant’s with excellent credit standing may pay as little as 1% for this surety bond.
Regardless of your credit scoring, AmeriPro Surety Bonds will work to provide you with the best premium available.
New Mexico Dismantler Bond: Duration
Once purchased, the bond is issued for one year.
The bond renews annually.
Ideally, applicants will want the New Mexico dismantler bond to run concurrent with their dismantler license, so there are no lapses in coverage.
A lapse in coverage will cause the state of New Mexico to suspend an active dismantler license until a new dismantler bond is issued and filed with the state offices.
About AmeriPro Surety Bonds
Besides providing you the New Mexico auto dismantler bond, AmeriPro Surety Bonds is a nationwide surety bonds-only agency providing contract, license and permit, fiduciary, and court bonds.
We welcome the opportunity to work for you.