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New Mexico Collection Agency Bond

New Mexico Collection Agency Bond

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Who Requires the Collection Agency Bond and Why Is It Needed?

A Collection Agency Bond is a type of surety bond required by the New Mexico Regulation and Licensing Department Financial Institutions Division for those who have applied or intend to apply for a license as a Collection Agency pursuant to Section 61-18A-1 of the New Mexico Statutes. The surety bond guarantees faithful adherence to the Collection Agency Regulatory Act and proper application of all funds received . Furthermore ,the surety bond ensures payment to the State of New Mexico or to any person entitled thereto, all money that becomes due and owing under the provisions of the Act and resulting from business activities regulated pursuant to the Act.

How Much Will My Surety Bond Cost?

Some New Mexico Collection Agency 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.

List of New Mexico surety bonds.

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