WA Lummi Nation fish buyer bonds.
0.5% of the bond amount. From $100.
A commercial seafood buyer purchasing fish or shellfish from Lummi fishers must hold a Buyers License from the Lummi Indian Business Council (LIBC), conditioned on a bond under Title 10, § 10.08.040 of the Lummi Nation Code of Laws that secures the tribal taxes and surcharges the buyer collects. The code sets the bond at the greater of $20,000 or 200% of the buyer’s prior-season tribal tax — we price it at 0.5% of the bond amount, $100 at the $20,000 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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Apply to filed in one sitting.
No long underwriting queue for the standard fish buyer bond — enter your amount, pay, and file with the LIBC Accounting Department. Here is the whole thing:
Apply online
Your business details, the bond amount your Buyers License requires, and the effective date — that is the entire application. No credit section.
Issued on the spot
The application collects no credit information — not even a soft pull — so the bond issues as soon as you pay.
File with the LIBC Accounting Department
Submit the executed bond referenced in your Buyers License application. Wet-ink originals mailed whenever the Nation insists.
What it is and who needs it.
What the fish buyer bond actually covers
The Lummi Indian Business Council licenses every commercial fish and shellfish buyer purchasing from Lummi fishers, on or off the reservation, under Chapter 10.08 of the Lummi Nation Code of Laws (Title 10, Natural Resources Code). A Buyers License is conditioned on the buyer holding a bond under § 10.08.040 before the license is issued — the code states the bond’s purpose plainly: to ensure that all required taxes and surcharges are received by the Nation.
The bond amount is the greater of $20,000 or 200% of the tribal tax the buyer collected, or should have collected, during the preceding fishing season. A buyer with no purchase history posts a bond equivalent to the tax that could be collected on three months of expected purchases instead. It stands behind the buyer’s obligation to withhold and remit the 6% tribal tax on fish and shellfish purchased from Lummi fishers, reported on Treaty Indian Fish Receiving Tickets and paid within the code’s deadlines.
It is a three-party arrangement: the buyer (the principal), the surety carrier, and the Lummi Nation, through the LIBC Finance Director and Accounting Department in consultation with the Fisheries Commission (the obligee). If a buyer falls behind on tax payments, the Nation can recover against the bond — unpaid taxes and surcharges are grounds for revocation or suspension of the Buyers License, and a new license will not issue until the prior balance is cleared or a payment plan is agreed.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount your Buyers License requires — no credit section, because this application doesn’t collect credit information.
Start the application →Common questions.
Other Washington bonds.
Buyers License bond, issued today.
0.5% of the bond amount, $100 at the $20,000 minimum. Enter your amount and file with the LIBC the same day.