West Monroe secondhand dealer bonds.
From $100.
Louisiana law conditions a secondhand dealer license on posting security with the city or parish where the business operates. In West Monroe, that means a surety bond filed with the City under La. R.S. 37:1862, in the statutory sum of $2,500. Pricing is 1% of the bond amount, $100 minimum.
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How much does a West Monroe secondhand 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 secondhand-dealer bond — enter your amount, pay, and file with the City. Here is the whole thing:
Apply online
Your business details, the secondhand-dealer license number or application, and the bond amount — $2,500 under La. R.S. 37:1862 — that is the application.
Issued on the spot
Most applicants are approved instantly and the executed bond generates as soon as you pay. No credit check up to $25,000 for individuals, partnerships and corporations (above that, a soft pull at most); for LLCs, one soft pull at every amount, never a hard inquiry.
File with the City
Submit the executed bond to West Monroe's business license office to complete your secondhand dealer license. Wet-ink originals mailed on request.
What it is and who needs it.
What the secondhand dealer bond actually covers
Louisiana licenses and regulates secondhand dealers — businesses that buy, sell, or trade used goods — under a state statute that also requires each dealer to file daily transaction reports with local law enforcement so stolen property can be traced. Before West Monroe issues the license, the dealer must post security.
Under La. R.S. 37:1862, a secondhand dealer applicant must file "a bond in favor of the city or parish, as the case may be, where the business is to be established[,] in the sum of two thousand five hundred dollars[,] with security conditioned for the due observance of all provisions of this Part." For a business operating in West Monroe, that bond runs in favor of the City of West Monroe.
It is a compliance guarantee, not insurance for the dealer: if the dealer violates the secondhand-dealer statute — failing to report transactions, buying from a minor where prohibited, or a similar lapse — the City can claim against the bond. We issue the statutory $2,500 amount, priced from a $100 minimum.
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 the City. Submit the executed bond to West Monroe's business license office to complete your secondhand dealer license. 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 for individuals, partnerships and corporations (above that, a soft pull at most); for LLCs, one soft pull at every amount, never a hard inquiry.
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 your business details and the $2,500 statutory bond amount — the executed bond generates instantly, ready to file with West Monroe's business license office.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Secondhand dealer license, one bond away.
$2,500 statutory amount, priced from a $100 minimum. File with West Monroe's business license office the same day.