Who Requires the Certificate of Title Surety Bond and Why Is It Needed?
A Title Surety Bond (also known as a Bonded Title, Certificate of Title Bond, Defective Title Bond, Lost Vehicle Title Bond or DMV Bond) allows a vehicle owner to claim ownership and register the vehicle with the state when a title has been lost, stolen or is missing. New Mexico Title Bonds are issued for a 3 year term and bond amounts must equal 2 times the appraised value of the vehicle. The value of your vehicle must be determined using the current NADA Antique Car Guide, NADA Used Car Guide or a certified appraiser’s valuation. You will need to request your bond in an amount equal to 2 times this valuation.
How Much Will My Surety Bond Cost?
Some New Mexico Certificate of Title Surety Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.
It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.
