Free checklist for contractors
New Mexico contractor compliance checklist
What New Mexico law asks of a contractor on residential work, from the rules ProntoBill keeps for New Mexico: licensing, bond and insurance where the state sets them, and the notices and contract requirements. Each item links the law’s own text, and the page says plainly what it doesn’t cover. No account and no email.
Informational guidance, not a legal determination. This page summarizes the rules as they were checked on the dates shown. Each section has conditions a summary can’t hold, so read the law it links. Check with a construction lawyer how the rules apply to your contracts.
Your contractor license
New Mexico contractors are licensed by the Construction Industries Division (CID).
Checked against the law’s own text, not reviewed by a lawyer.
This section doesn’t list every document your number must appear on; the contract requirements below name some.
Bond and liability insurance minimums
The minimums by type of license. They are the floor the law sets: the state may require more of you.
- Licensed contractor (any classification): bond $10,000; no insurance minimum in the sources read (14.6.3.8(C)(1) NMAC, checked November 5, 2026). Checked against the law’s own text, not reviewed by a lawyer.
- The bond pays to correct building-code violations the Construction Industries Division certifies and you don’t fix (14.6.3.8 NMAC).
- Workers’ compensation coverage is required for every licensed business (CID).
Notices and contract requirements
What the law asks you to give the customer, or put in the contract, on a job. A summary of each, from the rule’s data: the section itself can narrow when it applies.
Full name as licensed (14.5.8.8(A)(5) NMAC)
- Price
- At any price
- When
- Before the contract is signed. The law names no deadline; this is the cautious course.
- Can cover
- Homes and buildings of 1–4 units, residential buildings of 5 or more units and commercial work
Checked against the law’s own text, not reviewed by a lawyer. Checked November 5, 2026.
Federal Cooling-Off Rule notice of cancellation (16 CFR 429)
- Price
- $25 or more
- When
- Before the contract is signed
- Can cover
- Homes and buildings of 1–4 units and residential buildings of 5 or more units
- Not covered
- Commercial work
- Not owed when your customer is another contractor.
- Only when the sale was made at the customer’s home, or anywhere away from your place of business. The $25 is for a sale at the home; elsewhere away from your business, the rule covers sales of $130 or more (16 CFR 429.0(a)).
Checked against the law’s own text, not reviewed by a lawyer. Checked November 5, 2026.
More on each notice: the contractor notices guide
Questions
- Is this legal advice?
- No. It’s informational guidance, not a legal determination: the state’s law as it was read on the dates shown. Check with a construction lawyer how it applies to your contracts.
- Do I need an account?
- No. Nothing here needs an account or an email, and the page sends nothing anywhere. Print it or take a screenshot to keep it.
- What isn’t covered?
- Anything the page doesn’t list: local licenses and permits, lead paint in pre-1978 homes, employees and workers’ compensation beyond the notes above, and sales tax (see the sales-tax guide).
Sales tax by state: the contractor sales-tax guide
