New Mexico Consumer Protection CID Crossover Contractor Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
New Mexico Construction Industries Division-licensed contractors who perform electrical, plumbing, mechanical or permanent foundation work on manufactured homes must register with the Manufactured Housing Division before performing this work. The State of New Mexico requires the $10,000 consumer protection CID crossover contractor bond as part of registration to help ensure contractors comply with applicable requirements and protect consumers from covered losses.
Cost of the New Mexico Consumer Protection CID Crossover Contractor Bond
The cost of the $10,000 New Mexico consumer protection CID crossover contractor bond is $100 per bond term with NNA Surety. Secure this surety bond today.
How the New Mexico Consumer Protection CID Crossover Contractor Bond Works
The New Mexico consumer protection CID crossover contractor bond helps protect consumers when licensed contractors perform qualifying work on manufactured homes. The bond provides financial protection for covered losses resulting from a contractor's failure to meet applicable legal or professional obligations.
The bond involves three parties:
- Principal: CID-licensed crossover contractor
- Obligee: State of New Mexico
- Surety: Bonding company
A claim against the bond may be filed for covered losses resulting from the contractor's failure to meet applicable requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the New Mexico Consumer Protection CID Crossover Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $100 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your New Mexico crossover contractor registration.
Learn more about your New Mexico surety bond options across the state.
Get Your New Mexico Consumer Protection CID Crossover Contractor Bond
Meet your New Mexico crossover contractor registration requirements by securing your $10,000 consumer protection bond. Complete this form or call 855-457-2196 to get bonded.