Appraisal Management Company Registration Application Page 6
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10STATE OF NEW MEXICO
BOARD OF REAL STATE APPRAISERS
APPRAISAL MANAGEMENT COMPANY SURETY BOND
Amount:
$25,000.00
Bond No:
_________________________
KNOW ALL MEN BY THESE PRESENTS:
That
_______________________________________________
as
principal,
DBA:
___________________________________of______________________________________(City/State),
and ___________________________________________ a corporation organized under the laws of the
State of ________________________ and duly authorized to conduct surety insurance business in the
State of New Mexico as Surety, are held and firmly bound unto the State of New Mexico (herein called
the Obligee) in the penal sum of TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($25,000.00)
to be paid to the Obligee for the benefit of any persons who may have a cause of action against said
Principal or Surety for which payment, well and truly to be made, we hereby bind ourselves, our heirs,
executors, administrators, successors, and assigns, and jointly and severally.
The condition of this obligation is such that if the Principal is granted licensure as a Registered
Appraisal Management Company and complies with the provisions of the Appraisal Management
Company Registration Act, NMSA 1978, §§ 47-14-1 to 23 (2009, as amended through 2010) and all
regulations enacted subject to the Act, then this obligation is to be null and void; otherwise, it shall
remain in full force and effect, subject to the following express conditions:
1. The total aggregate liability of this bond is limited to the sum of Twenty Thousand Dollars
($25,000.00).
2. This bond shall continue in force and effect for the duration of the registration unless the
Surety shall serve thirty (30) days written certified notice to the Obligee of its right to
Appraisal Management Company Registration Application
(Rev. 07/2015)
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