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

New Mexico – Private Postsecondary Education Bond

New Mexico Private Postsecondary Education Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

New Mexico Postsecondary Institutions:

 

 

 

Private post secondary institutions which physically operate in New Mexico are now required to register with the New Mexico Higher Department of Education.

 

 

 

Which New Mexico Private Schools are Postsecondary Institutions?

 

 

 

Included in this category are private:

* Vocational schools

* Colleges

* Universities

* Computer or technical schools

* Schools which offer education in correspondence, online, and in-person

There are exceptions  to the registration requirements; however, AmeriPro Surety Bonds strongly encourages any potential applicants to confer with the NM Higher Department of Education, or legal counsel, even, to see if the exemptions are applicable to your circumstance.

 

 

 

The Purpose Behind this Legislation:

 

 

 

The purpose in requiring certain private secondary institutions to register with the state is to deter and prevent instances of fraudulent activity against students.

 

 

 

Requirements

 

 

 

Private post-secondary institutions which are required to register according the Act, must do so first by filing an application with the Higher Education department.

Applicants must provide information which attests to:

* the financial viability of the private institution;

* the nature of the school, whether it is for profit or non-profit;

* the school’s enrollment agreement, including how refund requests are handled;

* a detail of the procedures used to address student complaints, including the length of time the school will take to respond to a complaint lodged by a pupil;

* assurances that students will not be retaliated against for making a complaint;

* the posting of a surety bond for no less than $5,000

 

 

 

New Mexico Postsecondary Education Bond: Amount

 

 

 

The New Mexico post secondary education bond will be in an amount that is equal to 20% of the real or projected gross revenues of the school,

BUT,

no less than $5,000.

 

 

 

New Mexico Private Postsecondary Education Bond: In Whose Name

 

 

 

The New Mexico private postsecondary education bond is to be issued in the name of the school and the school’s corporate name, not an individual.

 

 

 

Purpose of the New Mexico Private Postsecondary Education Bond

 

 

 

This bond is required by the state of New Mexico to protect the students from fraud or misrepresentation by the private institution.

The bond is also required to ensure that, when appropriate, student refunds are issued in those circumstances where they should be.

 

 

About AmeriPro Surety Bonds

 

 

 

AmeriPro Surety Bonds provides surety bonds of all types in all 50 states.

Please place our professional expertise at your service.

We will work to provide you with the best pricing for your private postsecondary education bond.

 

 

 

844-589-9732

Apply Today!

  • Date Format: MM slash DD slash YYYY
  • While you don't have to complete the address field, doing so enables AmeriPro Surety Bonds to better determine exactly where you have a surety bond need. Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

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.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

New Hampshire Professional Fundraiser Bond

New Hampshire Professional Fundraiser Bond AmeriPro Surety Bonds | 844-589-9732       Professional Fundraisers – New Hampshire       The $20,000 surety bond required of New Hampshire professional fundraisers is also referred to as a New...

New Hampshire Mortgage Broker Bond

New Hampshire Mortgage Broker Bond | AmeriPro Surety Bonds | 844-589-9732       New Hampshire Mortgage Brokers       The New Hampshire Banking Department, which licenses and regulates mortgage brokers, requires a $50,000 surety bond as a...

New Hampshire Certificate of Title Bond

New Hampshire Certificate of Title Bond | AmeriPro Surety Bonds | 844-589-9732       New Hampshire – Lost or Defective Car Title       If you are attempting to register a vehicle in New Hampshire, and the Division of Motor Vehicles is...

contact us

Office: 1 (844) 589-9732

Email: info@ameriprosuretybonds.com

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)