Lummi Nation Fish Buyer License Bond Guide
If you’re applying for a Lummi Nation fish buyer license in Washington, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure payment of taxes and surcharges on fish and shellfish purchases
- Who Needs It: Commercial seafood buyers licensed under the Lummi Nation
- Regulating Body: The Lummi Nation Department of Natural Resources
- Required Coverage: $20,000 or 200% of the tribal taxes owed the year prior
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Lummi Nation Fish Buyer License Bond?
A Lummi Nation fish buyer license bond is required for all licensed commercial seafood buyers. It ensures they will pay all taxes and surcharges owed to the Nation.
To become a buyer, you’ll need a bond for the greater of $20,000 or 200% of the tribal taxes owed during the prior fishing season.
How Much Do Fish Buyer License Bonds Cost in Lummi Nation?
Lummi Nation fish buyer license bonds cost a small percentage of the bond amount, typically 1–10%. For example, you could pay as low as $200 for a $200,000 bond.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Fish Buyer License Bond?
The Lummi Nation Department of Natural Resources (DNR) requires this bond as part of the licensing process for all fish buyers in the state.
If you have outstanding tax payments from a prior year, you will not be able to get a new bond until clearing the balance and settling any claims.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Lummi Nation fish buyer license bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the DNR as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Lummi Nation Fish Buyer Bond Work?
As with all surety bonds, a fish buyer license bond creates a legal contract between three parties:
- Principal: You, the fish buyer filing the bond
- Obligee: The Lummi Nation Department of Natural Resources requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Lummi Nation National Resources Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your fish buyer license bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.