1 (844) 589-9732 info@ameriprosuretybonds.com

New Mexico Freight Broker Bond

In addition to other requirements, New Mexico freight brokers are required to maintain a surety bond for $75,000, which renews annually. AmeriPro Surety Bonds will work to find the best pricing for you. Please call us today at 844-589-9732.

New Mexico Freight Broker Bond | AmeriPro Surety Bonds | 844-589-9732

 

 

 

New Mexico Freight Broker

 

 

 

New Mexico freight brokers are those who are authorized to carry goods or cargo from one location to another, and who have no personal business interest in the items being transported.

 

 

 

New Mexico Freight Brokers: Regulatory Bodies

 

 

 

New Mexico freight brokers who are domiciled in the state will want to properly register, which involves an application and payment of related fees with the New Mexico Public Regulation Commission.

In addition to New Mexico’s state requirement, there is the federal requirements for becoming and maintaining a license as a freight broker.

The Federal Motor Carrier Safety Administration  is the federal body which licenses New Mexico freight brokers.

They FMCSA also requires the $75,000 surety bond.

 

 

 

FMCSA Freight Broker Licensing

 

 

 

For those who need or will need to renew their New Mexico freight broker bond, AmeriPro will work with you to provide the best pricing available.

Below, however, we will provide some information on the requirements for new New Mexico applicants for the freight brokerage license.

  •  Applicants for a freight broker license will need to pay a $300 application fee. You will want to assume that the fee is non-refundable;
  • Applicants will need to provide the structure of their business operations (i.e. corporation, LLC, etc). If the business is a sole proprietorship, it is recommended that applicants obtain an EIN number rather than use their social security number;
  • Applicants will need to obtain a liability insurance policy (AmeriPro Surety Bonds will help you) with a minimum amount of $5,000 which is for “…loss of property on any one vehicle”.

And 10,000 “….for damage to property occurring at any one time and place.”

After the first initial application is received, the applicant will be given an MC/FF number.

After this there will be a 10 day period in which your application will be made public and others may come forth to state why you should not be given operating authority (that is, why you should not be granted a freight broker license).

You may wish to meet your surety bond and liability insurance requirements during the 10 day period; or, you may choose to wait the waiting period’s expiration.

 

 

 

New Mexico Freight Broker Bond

 

 

 

The New Mexico freight broker bond is for $75,000 and is required by the FMCSA (they are the obligees) for this bond.

The bond is required to protect the FMCSA and businesses which contract with the freight broker from acts of fraud, theft, and malfeasance involved in transacting business as a freight broker.

 

 

 

Duration of the New Mexico Freight Broker Bond

 

 

 

The New Mexico freight broker bond is issued for one year.

Thereafter, the bond must be renewed in order to maintain the freight broker license.

 

 

 

Premium Amount of the New Mexico Freight Broker Bond

 

 

 

The $75,000 freight broker bond may have an annual premium as low as $1,500.

The final premium amount will be determined, however, by the applicant’s credit score.

AmeriPro Surety Bonds will work for you to obtain the best pricing for your freight broker bond.

 

 

 

About AmeriPro Surety Bonds

 

 

 

AmeriPro Surety Bonds is a surety bond-only agency which provides license and permit, contractor and fiduciary surety bonds in New Mexico and all 50 states.

We welcome the opportunity to place our surety-bond expertise for your use.

 

Apply Today!

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Call AmeriPro Surety Bonds today at 844-589-9732

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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Email: info@ameriprosuretybonds.com

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