City of Lafayette second hand dealer bonds.
From $100.
A second hand dealer permit from Lafayette Consolidated Government comes with a surety bond, the city’s backstop against stolen or misrepresented goods passing through a used-goods business. The city sets the amount. The premium is 1% of the bond amount, $100 minimum.
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How much does a City of Lafayette second hand dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard second hand dealer bond — enter your amount, pay, and file with the city. Here is the whole thing:
Apply online
Your business details, the bond amount the city required, and the effective date — that is the application.
Issued on the spot
Most applications approve instantly. Above $25,000, a soft pull may add a short review.
File with Lafayette Consolidated Government
Submit the executed bond with your second hand dealer permit application. Wet-ink originals mailed on request.
What it is and who needs it.
What the second hand dealer bond actually covers
Lafayette Consolidated Government licenses second hand dealers — businesses that buy and resell used goods. Because used-goods businesses can be a channel for stolen property, the city conditions the permit on honest dealing, careful recordkeeping, and a surety bond.
The bond is a three-party arrangement: you (the principal), the surety, and the City of Lafayette as the obligee. If you violate the city’s second hand dealer ordinance — for example by failing to keep required transaction records — and the city or a harmed party suffers a loss, they can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Dealers who keep clean records and follow the city’s reporting rules treat the bond as a permit formality. Pricing is 1% of the bond amount, $100 minimum — set by the amount itself, not a credit or underwriting tier. Enter the amount the city set and apply to see your exact price.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Lafayette Consolidated Government. Submit the executed bond with your second hand dealer permit application. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount the city set — the executed bond is generated instantly, ready to file with Lafayette Consolidated Government.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Second hand dealer bond, issued today.
Pricing from $100. Enter the amount the city set and file it the same day.