Lapeer secondhand & junk dealer bonds.
$100.
The City of Lapeer requires a secondhand or junk dealer to file a $3,000 surety bond before the Mayor and City Commission will approve a license, under Chapter 20 (Business Licenses and Regulations), §§ 20.00 and 20.03 of the City Code, implementing the state secondhand-dealer statute. The premium is 1% of the bond amount, $100 minimum.
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How much does a Lapeer secondhand & junk dealer bond cost?
$100 for the $3,000 bond: the carrier’s $100 minimum, since 1% of the amount comes to less.
Three steps. One sitting.
No underwriting queue for the standard Lapeer dealer bond — apply, pay, and file with the City Clerk. Here is the whole thing:
Apply online
Your business details and an effective date — the bond amount is already set by ordinance at $3,000, so there is nothing to size.
Issued on the spot
No credit check, and most dealer bonds like this issue the moment you pay.
File with the City Clerk
Submit the executed bond and power of attorney with your secondhand/junk dealer license application for Mayor and Commission approval. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The City of Lapeer licenses secondhand and junk dealers under Chapter 20 (Business Licenses and Regulations) of its Code of Ordinances, implementing Michigan’s 1917 secondhand-dealer statute. Before the Mayor and Commission will approve a license, the applicant must file a $3,000 surety bond alongside a $150 annual fee, a criminal-background-check consent for the business and its agents, and a listing of the secondhand goods dealt in.
It is a compliance-and-consumer-protection guarantee to the city: a three-party arrangement between you (the principal), the surety carrier, and the City of Lapeer (the obligee). If a dealer trades in stolen or unreported goods, fails required recordkeeping, or otherwise violates Chapter 20, the city can look to the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond runs alongside the license on an annual cycle; dealers who keep clean records treat it as a licensing formality, not a risk.
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 $3,000 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; a longer term is the same price per year, chosen at checkout.
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 Clerk. Submit the executed bond and power of attorney with your secondhand/junk dealer license application for Mayor and Commission approval. Wet-ink original 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.
One application, issued on the spot.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Michigan bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Lapeer dealer license today.
1% of the bond amount, $100 minimum, no credit check. Free until issued.