Conduct of Biz - Firearms Acquisition Regulations Part 1
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Questions and Answers

What is the time period within which licensed importers must record firearms imported or acquired?

  • 30 days
  • 60 days
  • 15 days (correct)
  • 7 days

    • What is the purpose of 27 CFR § 478.122?

  • To maintain records of firearm acquisition and disposition (correct)
  • To regulate firearms dealers
  • To license firearms manufacturers
  • To restrict firearms imports

    • What is required for a Federal firearms licensee to use a computer program for record keeping?

  • Prior approval from ATF (correct)
  • A blanket approval for commercially available software
  • Endorsement from the Director of Industry Operations
  • No prior approval required

    • What is the purpose of 27 CFR § 478.125(h)?

    <p>To outline procedures for computerized recordkeeping variance</p> Signup and view all the answers

    What does Final Rule 2021R-05F require FFLs to do?

    <p>Maintain Firearms Transaction Records until they discontinue licensed activity</p> Signup and view all the answers

    What is the sole part of a firearm that requires a serial number according to Final Rule 2021R-05F?

    <p>Frame or receiver</p> Signup and view all the answers

    Who must licensed importers submit their request to for a variance to maintain computerized records?

    <p>Director of Industry Operations</p> Signup and view all the answers

    What is the format required for licensed importers to maintain records of acquisition and disposition?

    <p>Bound book</p> Signup and view all the answers

    What type of FFLs are required to report multiple sales of certain rifles on ATF Form 3310.12?

    <p>Type 07 FFLs and Type 08 FFLs</p> Signup and view all the answers

    How soon must a licensee report the theft or loss of a firearm from their inventory?

    <p>Within 48 hours</p> Signup and view all the answers

    What form must a licensee use to report the theft or loss of a firearm?

    <p>ATF Form 3310.11</p> Signup and view all the answers

    What is a Privately Made Firearm (PMF)?

    <p>A firearm manufactured by a non-licensee without a serial number</p> Signup and view all the answers

    Where must a licensee retain A&D records?

    <p>At the licensed business premises</p> Signup and view all the answers

    What is required on a frame or receiver in order to be sold?

    <p>A serial number</p> Signup and view all the answers

    What is the purpose of the National Instant Criminal Background Check System (NICS)?

    <p>To conduct background checks on firearms transferees</p> Signup and view all the answers

    What is the primary purpose of a firearm component?

    <p>To provide housing for a primary fire control component</p> Signup and view all the answers

    What is the purpose of Form 4473?

    <p>To record the sale of firearms to an unlicensed person</p> Signup and view all the answers

    When is a serial number required on a PMF?

    <p>Only if the firearm is sold</p> Signup and view all the answers

    How long must a licensee retain all required records?

    <p>Until the business is discontinued</p> Signup and view all the answers

    What is required to be retained by a licensed manufacturer, importer, or dealer?

    <p>Each Form 4473 obtained in alphabetical, chronological, or numerical order.</p> Signup and view all the answers

    What is the purpose of ATF Form 3310.11?

    <p>To report the theft or loss of a firearm</p> Signup and view all the answers

    What is an identification document?

    <p>A document containing the name, residence address, date of birth, and photograph of the holder and is made or issued by a government or international organization.</p> Signup and view all the answers

    What is the purpose of Form 3310.4?

    <p>To report the sale of multiple handguns</p> Signup and view all the answers

    How many copies of Form 3310.4 must a licensee forward to the ATF office?

    <p>Two copies</p> Signup and view all the answers

    How many business days must elapse from the date the licensee contacted NICS before the licensee can proceed with the transaction?

    <p>Three business days</p> Signup and view all the answers

    Which states require licensed dealers and pawnbrokers to submit reports of multiple sales of certain rifles?

    <p>Arizona, California, New Mexico, and Texas</p> Signup and view all the answers

    Which of the following is exempt from a NICS check?

    <p>Firearm sale between licensed dealers</p> Signup and view all the answers

    What is the caliber of the rifles that must be reported on Form 3310.12?

    <p>Greater than .22</p> Signup and view all the answers

    What is required to be provided with the transfer of handguns?

    <p>A secure gun storage or safety device</p> Signup and view all the answers

    How many business days do licensees have to forward Form 3310.4 to the ATF office?

    <p>The close of business on the day of the sale</p> Signup and view all the answers

    Which system allows a Federal Firearms Licensee to verify or authenticate the license of another FFL prior to shipping or disposing of a firearm?

    <p>FFL EZ Check</p> Signup and view all the answers

    Where can a licensee conduct business temporarily?

    <p>At a gun show or event in the same state specified on the license</p> Signup and view all the answers

    What is the purpose of Form 3310.12?

    <p>To report the sale of multiple rifles</p> Signup and view all the answers

    Who can a licensee sell handguns to in another state?

    <p>A nonlicensee who is a resident of the same state</p> Signup and view all the answers

    What is the minimum age requirement to sell long guns and ammunition to?

    <p>18-year-olds</p> Signup and view all the answers

    What is required for sales to law enforcement officers for official use?

    <p>A certification from the law enforcement agency</p> Signup and view all the answers

    What is required to be displayed on the premises of a licensed dealer?

    <p>A poster advising on the safety requirements for youth</p> Signup and view all the answers

    What is the purpose of the Youth Handgun Safety Act?

    <p>To educate youth on handgun safety</p> Signup and view all the answers

    What action can lead to the removal of a serial number from a firearm?

    <p>Obliterating the serial number</p> Signup and view all the answers

    What is a characteristic of a short-barreled rifle?

    <p>A barrel length of less than 16 inches</p> Signup and view all the answers

    Who is considered to be 'engaged in the business' of manufacturing firearms?

    <p>A person who devotes time, attention, and labor to manufacturing firearms as a regular course of trade or business</p> Signup and view all the answers

    What must a licensee do if they find an error on their license?

    <p>Return the license to the Chief, Federal Firearms Licensing Center, with a statement showing the nature of the error</p> Signup and view all the answers

    Where must a licensee keep their license?

    <p>Posted and available for inspection on the premises covered by the license</p> Signup and view all the answers

    What is the duration of a Federal Firearms License?

    <p>3 years</p> Signup and view all the answers

    What must a licensee do to remove their business or activity to a new location?

    <p>File an Application for an Amended Federal Firearms License, ATF Form 5300.38, in duplicate, not less than 30 days prior to the removal</p> Signup and view all the answers

    What must a licensee do if they change their trade name?

    <p>Furnish their license for endorsement of the change to the Chief, Federal Firearms Licensing Center</p> Signup and view all the answers

    What is the term for a license that covers a specific class of business or activity?

    <p>Premises covered</p> Signup and view all the answers

    What is the purpose of filing an Application for an Amended Federal Firearms License?

    <p>To change the address of a license</p> Signup and view all the answers

    What must be completed prior to the return of firearms?

    <p>Both ATF Form 4473 and NICS check</p> Signup and view all the answers

    What is the purpose of § 478.38?

    <p>Firearms Transportation</p> Signup and view all the answers

    What must a firearms retailer do in case of theft or loss of firearms?

    <p>Report to both local police/sheriff and ATF</p> Signup and view all the answers

    What is the purpose of Form 8300?

    <p>To report cash payments over $10,000</p> Signup and view all the answers

    What may be required by specific states in addition to Federal requirements?

    <p>All of the above</p> Signup and view all the answers

    Who must a licensee contact in case of theft or loss of firearms?

    <p>Both local police/sheriff and ATF</p> Signup and view all the answers

    How soon must a licensee report the theft or loss of a firearm?

    <p>Within 48 hours</p> Signup and view all the answers

    What form must a licensee use to report the theft or loss of a firearm?

    <p>ATF Form 3310.11</p> Signup and view all the answers

    What is the purpose of the National Instant Criminal Background Check System (NICS)?

    <p>To conduct background checks on firearms buyers</p> Signup and view all the answers

    What is required to be retained by a licensed manufacturer, importer, or dealer?

    <p>Acquisition and disposition records</p> Signup and view all the answers

    What should a licensee do if they suspect that a applicant is attempting a straw purchase?

    <p>Contact ATF immediately</p> Signup and view all the answers

    What should a licensee do if they discontinue their business?

    <p>Deliver the records to the ATF Out-of-Business Records Center within 30 days</p> Signup and view all the answers

    What is the purpose of a tracing request from the ATF?

    <p>To determine the disposition of one or more firearms in a criminal investigation</p> Signup and view all the answers

    What is the definition of an antique firearm?

    <p>A firearm manufactured in or before 1898</p> Signup and view all the answers

    What should a licensee do when they receive a consignment firearm?

    <p>Enter the firearm into the acquisition and disposition record</p> Signup and view all the answers

    What is the time period within which a licensee must notify the ATF of a change in control?

    <p>30 days</p> Signup and view all the answers

    What is the purpose of 27 CFR § 478.23?

    <p>To provide guidelines for the inspection of licensed premises</p> Signup and view all the answers

    What is required for a firearm to be recognized as a curio or relic?

    <p>All of the above</p> Signup and view all the answers

    What should a licensee do when they sell a consignment firearm?

    <p>Complete a 4473 for the buyer</p> Signup and view all the answers

    What should a licensee do when they return a consignment firearm to the consignor?

    <p>Enter the return into the acquisition and disposition record</p> Signup and view all the answers

    Study Notes

    Acquisition and Disposition Record

    • Licensed importers, manufacturers, and dealers must maintain records of acquisition and disposition according to 27 CFR § 478.122, 478.123, and 478.123(e) respectively.
    • Records must be kept in a bound book or approved electronic format, and must include the type, model, caliber or gauge, manufacturer, country of manufacture, and serial number of each firearm.

    Computerized Acquisition and Disposition Records

    • Prior approval from ATF is required to use a computer program for record keeping.
    • The Bureau does not issue blanket approvals for commercially available software programs.

    Record Retention

    • Under Final Rule 2021R-05F, records must be maintained until the business or licensed activity is discontinued.
    • A&D records and ATF Forms 4473 must be retained.

    Firearm Frame or Receiver

    • A serial number is required on a frame or receiver completed, assembled, or otherwise produced by a licensed manufacturer.
    • A privately made firearm (PMF) without a serial number is defined as a firearm made by a non-licensee without a serial number.

    Markings on Privately Made Firearms

    • Marking serial numbers on PMFs is required if the licensee is planning to sell the firearm.

    NICS Requirements

    • A background check is required prior to the transfer of a firearm.
    • The licensee must contact NICS and receive a unique identification number before completing the transfer.

    Sales or Deliveries between Licensees

    • A licensed importer, manufacturer, or dealer selling or otherwise disposing of firearms to another licensee must verify the identity and licensed status of the transferee prior to making the transaction.

    Prohibited Sales and Deliveries

    • Handgun sales to non-licensees are prohibited, except for state residents.
    • Sales of long guns and ammunition to persons in other states are permissible, but may be restricted by state law.

    Sales to Law Enforcement

    • Sales to law enforcement officers for official use require a certification from the agency on the agency's letterhead.

    Youth Handgun Safety Act

    • A poster/sign and a brochure advising on safety requirements must be provided on the premises.

    Obliterated Serial Number

    • No person shall knowingly transport, ship, or receive in interstate or foreign commerce any firearm which has had the importer's or manufacturer's serial number removed, obliterated, or altered.

    Short Barreled Rifle & Shotgun

    • FFLs should understand how to recognize a short-barreled rifle or shotgun.

    Licenses

    • A person who devotes time, attention, and labor to manufacturing firearms as a regular course of trade or business with the principal objective of livelihood and profit through the sale or distribution of the firearms manufactured is considered to be "engaged in the business".
    • Correction of errors on licenses must be made in accordance with 478.48.

    Posting of License

    • The license must be kept posted and kept available for inspection on the premises covered by the license.

    Renewal/Duration

    • A license renewal application must be filed prior to the expiration of the license.

    Premises Covered

    • A separate license must be obtained for each location at which a firearms or ammunition business or activity requiring a license is conducted.

    Reporting Changes

    • Licensees must report changes of address, trade name, or control within 30 days to the Chief, Federal Firearms Licensing Center.

    Discontinuance of Business

    • Where discontinuance of the business is absolute, the records must be delivered to the ATF Out-of-Business Records Center.

    Right of Entry and Examination

    • ATF officers may enter the premises of a licensee during business hours to inspect or examine records.

    Tracing Request from ATF

    • Licensees must respond immediately to requests from ATF for information contained in records.

    Straw Purchase

    • If a licensee suspects a straw purchase, they must not proceed with the transfer and must contact ATF immediately.

    Curios or Relics

    • Firearms must fall within one of the following categories to be recognized as curios or relics:
      • Manufactured at least 50 years prior to the current date
      • Certified by a museum curator
      • Deriving a substantial part of their monetary value from historical significance or rarity### Firearm Sales and Record Keeping
    • A licensed importer, manufacturer, or dealer must record a firearm sale on a firearms transaction record, Form 4473, unless selling to another licensee.
    • Consignment firearms must be entered in the licensee's acquisition and disposition record.
    • A consignment firearm sale is handled like other firearm sales, with an ATF Form 4473 and NICS check required prior to return of the firearm to the consignor.

    Personal Firearms Collection

    • A licensed manufacturer, importer, or dealer is not required to comply with § 478.102 or record a personal firearm sale on Form 4473.

    Firearms Transportation

    • A person can transport firearms for lawful purposes if they are unloaded and not readily accessible during transportation.

    Theft/Loss Prevention for Licenses

    • Firearms retailers must report theft or loss of firearms to local law enforcement and ATF within 48 hours.
    • To report a missing or stolen firearm, contact local police/sheriff, ATF office, and complete ATF Form 3310.11.

    State Laws, Local Ordinances, and Federal Reporting

    • Compliance with state laws and local ordinances is necessary for firearms businesses.
    • Review state requirements, including additional licenses, waiting periods, concealed carry permits, and firearms permits.
    • IRS Form 8300 must be filed for cash payments over $10,000 to combat money laundering.

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    Description

    Quiz on firearms acquisition and disposition records, covering regulations for importers, manufacturers, and dealers, as per the Final Rule 2021R-05F.

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