N.M. Admin. Code § 18.19.4.8 - APPLICATION FOR LICENSE - SURETY BONDS
A. Each applicant for a license shall apply
to the dealer section of the motor vehicle division of the department on a form
provided by the department.
B. Each
application shall be accompanied by an original corporate surety bond that
complies with the provisions of Section
66-4-7 NMSA 1978. The corporate
surety bond must remain in effect throughout the period for which the license
is issued. The corporate surety bond must be issued in the same business name
and trade name, if any, shown on the application for license.
Notes
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