New Mexico § 60-13-49 - Proof of responsibility
Full text of New Mexico New Mexico Statutes Annotated § 60-13-49 — Proof of responsibility, with citation guidance and answers to common questions.
§ 60-13-49. Proof of responsibility
A. No applicant for a contractor's license or for renewal of a contractor's license
shall be issued a license until the director determines that the applicant furnishes
proof of responsibility pursuant to Subsection B of this section. B. Proof of responsibility shall be a bond of ten thousand dollars ($10,000) acceptable
to the director and underwritten by a corporate surety authorized to transact business
in New Mexico. Such bond shall meet the following conditions: (1) payments from a bond required pursuant to this section shall only be used to cure
code violations caused by a licensee, certified by the division and not corrected
by the licensee. Claims against the bond shall be made within two years following final inspection
by the governmental entity having jurisdiction over code enforcement or within two
years of issuance of a certificate of occupancy for the construction project, whichever
is earlier; (2) the total aggregate liability of the surety for all claims shall be limited to
the face amount of the bond; (3) the bond carrier shall provide to the division and to the licensee thirty days'
prior written notice of intent to cancel a bond required pursuant to this section. The surety for such a bond shall remain liable under the provisions of the bond
for all obligations of the principal pertaining to bond terms that occur before the
bond is canceled, expires or otherwise becomes ineffective; (4) failure to maintain the bond for the period required by law is cause for revocation
of the license; and (5) if the bond is canceled, expires or otherwise becomes ineffective during the period
of a license, the division shall notify the licensee that a new bond is required. If the licensee has not provided proof of a new bond before the fortieth day after
the date on which the bond was canceled, expired or otherwise became ineffective,
the license shall be subject to revocation for failure of proof of responsibility.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-13-49
What does New Mexico Statutes Annotated § 60-13-49 cover?
Section 60-13-49 ("Proof of responsibility") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 60-13-49?
A common citation format is "New Mexico Statutes Annotated § 60-13-49" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 60-13-49 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.