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New Mexico escrow company bonds.
From $1,000.

New Mexico licenses escrow companies through the Financial Institutions Division, and NMSA § 58-22-10 conditions the license on a surety bond of at least $100,000 running to the people of the state. The premium is 1% of the bond amount — at the $100,000 statutory floor, that is $1,000 a year.

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Required for an escrow company license under the New Mexico Escrow Company Act, NMSA § 58-22-1 et seq.

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$100,000 minimum bond amount — set by NMSA § 58-22-10, running to the people of the state

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1% of the bond amount — exact price at the application, issued at checkout

1% rate$1,000 at the $100,000 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

Three steps. One sitting.

No quote round-trip for the escrow company bond — enter your amount, pay, and file with the Financial Institutions Division. Here is the whole thing:

NOW · ONLINE

Apply online

Your company details, the bond amount, and an effective date — that is the entire application. If a credit check runs, it is a soft pull that never affects your score.

INSTANTLY

Issued the moment you pay

This bond is checkout-priced at 1% of the bond amount, so the executed bond generates right after payment — no waiting on a quote.

SAME DAY

File with the Financial Institutions Division

Your executed bond and power of attorney arrive by email, ready to file with the FID as part of your escrow company license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the escrow company bond guarantees

New Mexico regulates escrow companies under the Escrow Company Act, NMSA § 58-22-1 et seq. A company that holds documents, money, or property in escrow for New Mexico transactions is licensed by the Financial Institutions Division of the Regulation and Licensing Department, and NMSA § 58-22-10 requires it to obtain a surety bond in the minimum amount of $100,000.

The bond runs to the people of the State of New Mexico. It is a three-party arrangement: you (the principal), the surety carrier, and the state as obligee, with the parties to your escrows as the protected public. If an escrow company mishandles escrowed funds or violates the Act, a harmed party can recover against the bond.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must be in a form acceptable to the director, stays on file in the director's office, and must remain active for the life of your license — we track the term and send renewal notices 60 and 30 days out.

NMSA § 58-22-10Section 58-22-10 NMSA 1978 (amended effective July 1, 2015) requires an escrow company to obtain a surety bond in the minimum amount of one hundred thousand dollars ($100,000) running to the people of the state of New Mexico, executed by a surety licensed by the superintendent of insurance, in a form acceptable to the director of the Financial Institutions Division and filed in the director's office. Confirm your required amount with the FID before filing.

You need this bond if you're

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Applying for a New Mexico escrow company license — the bond files with your FID application

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Renewing an escrow license with an expiring or non-renewing bond

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An out-of-state escrow or title-services firm expanding into New Mexico transactions

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Replacing a cancelled bond so your license stays in good standing with the FID

One application, issued instantly.

These are the actual issuing fields — enter your bond amount and effective date, and the executed bond generates at checkout, ready to file with the FID.

Start the application →

FAQ

Common questions.

How much does the New Mexico escrow company bond cost?The premium is 1% of the bond amount. The bond amount itself must be at least $100,000 under NMSA § 58-22-10 — at that statutory floor the premium works out to $1,000 a year. Your exact price appears at the application, before you pay.

Do I pay the $100,000?No. The $100,000 is the bond's penal amount — the surety's maximum liability if a valid claim is made — not a deposit. You pay the premium: 1% of the bond amount — at $100,000 that works out to $1,000. Nobody holds your money.

Is there a credit check?If a check runs on this bond, it is a soft credit pull only — it never affects your score, and there is no hard inquiry. The bond is checkout-priced, so it issues the moment you pay.

Who is the obligee, and where do I file the bond?The bond runs to the people of the State of New Mexico, and it is filed with the director of the Financial Institutions Division of the Regulation and Licensing Department — the agency that licenses escrow companies under the Escrow Company Act. We deliver the executed bond ready to file.

Can the bond amount be more than $100,000?Yes. NMSA § 58-22-10 sets $100,000 as the minimum, not a ceiling. If your license paperwork calls for a higher amount, enter that figure — the premium stays 1% of whatever amount you file.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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Escrow company bond, issued today.

1% of the bond amount — $1,000 a year at the $100,000 statutory floor. Enter your amount, pay, and file with the FID the same day. Free until issued.

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