What Is a New Mexico Professional Fundraiser Surety Bond?
The Attorney General of New Mexico requires professionals who solicit contributions for charitable organizations to post $25,000 professional fundraiser surety bonds.
These bonds ensure that principals comply with the provisions of the Charitable Solicitations Act, 57-22, other state laws, and regulations of the Registrar of Charitable Organizations.
How Much Do Solicitor/Fundraiser Bonds Cost in New Mexico?
A $25,000 New Mexico professional fundraiser bond costs a flat rate of $375 for the one-year term. Buy your bond online in minutes.
How Does a New Mexico Fundraiser Bond Work?
If the principal fails to adhere to these terms, a claim can be filed against the bond for the repayment of harmed parties up to the full bond amount. The professional fundraiser, in turn, must reimburse the surety for any damages paid out.
How to Become a Professional Solicitor in New Mexico
All professional solicitors must be contracted by a charitable organization and registered with the Attorney General. Applicants must submit the following materials along with their application:
- $25,000 surety bond
- Copies of all written and verbal solicitation agreements
- A copy of the charitable organization and professional fundraiser contract
- Consent to service process (only for out-of-state solicitors)
Find more licensing resources in the links below.
