Firearms-Record Keeping for Acquisitions and Dispositions
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Questions and Answers

Acquisitions must be logged NLT the next business ______

day

Dispositions must be logged within ______ business days.

7

Imports must be logged within ______ days of importation.

15

Records must be readily available for print upon ______ request.

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

A 4473 must be completed for each transfer to a ______.

<p>non-licensee</p> Signup and view all the answers

All boxes on the 4473 must be completed unless the form states ______ in that box.

<p>optional</p> Signup and view all the answers

A valid Government issued ID with the purchaser’s full legal name, current address, date of birth and a ______ is required.

<p>photo</p> Signup and view all the answers

The transferee (Buyer) is to complete sections A and ______.

<p>C</p> Signup and view all the answers

It is unlawful for any person to knowingly purchase, or conspire to purchase, any ______ for another person.

<p>firearm</p> Signup and view all the answers

If you take part in a straw purchase and the firearm is used to commit a ______, the person shall be sentenced to a term of imprisonment of not more than 25 years.

<p>felony</p> Signup and view all the answers

Any person convicted of a violation of section 932 or 933 shall ______ to the United States any property used in the offense.

<p>forfeit</p> Signup and view all the answers

Fines for obtaining profits from an offense under section 932 may be fined not more than the greater of the fine ______ by this part.

<p>authorized</p> Signup and view all the answers

If located within 1,000 ft of a school zone, all firearms must be ______ and left in a locked container.

<p>unloaded</p> Signup and view all the answers

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 known as a ______.

<p>manufacturer</p> Signup and view all the answers

A unique serial number must be engraved, cast, or stamped on the ______ or receiver.

<p>frame</p> Signup and view all the answers

The only guns that are reported on the Annual Firearms Manufacturing & Export Report are those that went into ______.

<p>commerce</p> Signup and view all the answers

If more than 50 guns are sold, you must contact ______ for taxing info.

<p>TTB</p> Signup and view all the answers

4473’s shall be retained by one of the following three methods: alphabetical, chronological, or ______.

<p>numerical order</p> Signup and view all the answers

A tax must be paid by every person who engages in the business of importing, manufacturing, or dealing in firearms, including ______.

<p>pawn brokers</p> Signup and view all the answers

Acceptable documents for aliens legally in the U.S. include a utility bill or a ______ agreement.

<p>lease</p> Signup and view all the answers

Identification Document must establish the identity, place of ______, and age of the transferee/buyer.

<p>residence</p> Signup and view all the answers

NFA firearms include machine guns, short-barreled rifles and ______.

<p>shotguns</p> Signup and view all the answers

Unregistered NFA firearms can result in 10 years in prison and a ______ fine.

<p>$250,000</p> Signup and view all the answers

If a customer buys 2 or more handguns within 5 business days, a ______ must be completed.

<p>Multiple Handgun Sales</p> Signup and view all the answers

ATF Form 4473 must be stapled to a copy of the ______ Sales Form.

<p>Multiple</p> Signup and view all the answers

Form 4 is an application for ______ paid transfer and registration of firearm.

<p>tax</p> Signup and view all the answers

You must register as an importer and pay an ______ fee.

<p>annual</p> Signup and view all the answers

Records shall be maintained for the life of the ______.

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

A private made firearms (PMF) must be marked not later than ______ days upon receipt or acquisition.

<p>seven</p> Signup and view all the answers

Arms Export Control Act of 1976 gives the President of the United States the authority to control the ______ and export of defense articles.

<p>import</p> Signup and view all the answers

NICS is a requirement for a sale or ______ of a firearm.

<p>transfer</p> Signup and view all the answers

The Bipartisan Safer Communities Act was passed by Congress to reduce gun ______.

<p>violence</p> Signup and view all the answers

Increasing fines for straw purchasing is part of the ______ U.S.C. 932.

<p>18</p> Signup and view all the answers

Secure Gun Storage or Safety Devices must ensure that the handgun is ______ and secured.

<p>locked</p> Signup and view all the answers

Gun shows are an extension of your ______.

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

Form 6 must be completed whenever importing firearms or ______.

<p>parts</p> Signup and view all the answers

Silencers are included in the definition of NFA ______.

<p>firearms</p> Signup and view all the answers

Prohibited Sales cannot be made to persons who answered ______ to the question on the ATF Form 4473.

<p>YES</p> Signup and view all the answers

Form 2 is the Notice of Firearms Manufactured or ______.

<p>Imported</p> Signup and view all the answers

A federally, a purchaser must be ______ to purchase ammo for rifles/shotguns.

<p>18</p> Signup and view all the answers

The Youth Handgun Safety Act requires hanging up a poster and providing a ______ pamphlet.

<p>ATF Youth Handgun Safety Act Notice</p> Signup and view all the answers

The serial number on a PMF must not be susceptible of ______ or alteration.

<p>obliteration</p> Signup and view all the answers

The return of a repaired firearm does not require a ______.

<p>NICS check</p> Signup and view all the answers

It is illegal to transport, ship, sell, receive, or possess any firearm in which the manufacturer or importer serial number has been ______.

<p>obliterated</p> Signup and view all the answers

SBR - Barrel less than 16”, overall length is less than ______.

<p>26</p> Signup and view all the answers

Engaged in the Business is defined as someone who devotes their time, attention, and labor, as a regular course of ______.

<p>trade</p> Signup and view all the answers

License is valid for ______ years, unless terminated early.

<p>three</p> Signup and view all the answers

Reporting to ATF is required ______ days prior to the change of address.

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

Must respond immediately, NLT ______ hours to a Tracing Request.

<p>24</p> Signup and view all the answers

A firearm that is ______ years old from present date is categorized as a curio or relic.

<p>50</p> Signup and view all the answers

A firearm made on or before ______, or any replica of an antique that has not been modified to fire modern ammunition is considered an antique firearm.

<p>1898</p> Signup and view all the answers

Firearms must be unloaded, and neither the firearm nor ammunition being transported is readily accessible from the ______ compartment.

<p>passenger</p> Signup and view all the answers

Gunsmithing does not include a person who makes occasional repairs of firearms or who occasionally fits special ______, stocks, or trigger mechanisms to firearms.

<p>barrels</p> Signup and view all the answers

Firearms returned to the same person who brought in for repair do not need to complete an ______ 4473.

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

If suspected, notify ATF ______.

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

Licensees must apply for renewal prior to the expiration of the ______.

<p>license</p> Signup and view all the answers

Any license issued shall be kept posted and made available for ______ on the premises covered by the license.

<p>inspection</p> Signup and view all the answers

Right of Entry and Examination allows ATF to inspect during ______ hrs.

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

Study Notes

Required Records and Reports

  • Acquisition and Disposition Record:

    • Log acquisitions by the next business day, dispositions within 7 days.
    • Dealers and collectors must log acquisitions by the close of business next day.

  • Manufacturers:

    • Log acquisitions and dispositions within 7 days; separate records for licensees and non-licensees.

  • Importers:

    • Record imports within 15 days and dispositions within 7 days; separate records are necessary for licensees and non-licensees.

  • Computerized Records:

    • Must meet 14 criteria, including querying by serial number, acquisition date, or manufacturer name. A backup system and an internal audit log are required.

  • ATF Form 4473:

    • Required for transfers to non-licensees; sections must be filled by both buyer and transferor.

  • Identification Requirements:

    • Valid government ID needed for non-licensee purchases; must provide full name, address, date of birth, and photo.

  • Multiple Handgun Sales:

    • Must report sales of 2+ handguns within 5 business days; unpaid transactions require specific submissions to law enforcement and ATF.

  • Reporting Theft/Losses:

    • Report within 48 hours; includes obtaining a police report and informing ATF.

  • Retention of Records:

    • Must maintain records for the life of the business; keep denials, cancellations, and other reports separate.

Conduct of Business

  • Frame/Receiver:

    • Classified as firearms; must log in and treat similarly to other firearms.

  • Privately Made Firearms (PMFs):

    • Must be logged within 7 days of receipt; unique markings required if serial number is absent.

  • NICS Check:

    • Mandatory for most firearm transfers; exceptions include transfers to FFLs and law enforcement.

  • Secure Gun Storage:

    • Mandated under the Child Safety Lock Act; dealers must provide or sell safety devices.

  • Gun Shows:

    • Transfers must comply with recordkeeping and licensing requirements.

  • Prohibited Sales:

    • Sales to individuals answering "YES" on ATF Form 4473 are not allowed.

Licenses

  • Engagement in Business:

    • Defined as a consistent dedication to selling firearms for a profit. Personal-use licenses are discouraged.

  • License Correction:

    • Errors must be reported to ATF for correction.

  • License Posting and Renewal:

    • Must be displayed on the premises; license lasts 3 years and requires timely renewal.

  • Change Reports:

    • Notify ATF within 30 days of address, trade name changes, or if control changes.

  • Discontinuance of Business:

    • Report discontinuation within 30 days; records must be retained for 10 years or face fines.

Miscellaneous Provisions

  • ATF Inspections:

    • Allowed during business hours; non-compliance may lead to license revocation.

  • Tracing Requests:

    • Must be responded to within 24 hours; non-compliance may lead to penalties.

  • Straw Purchases:

    • Illegal to purchase firearms for another; report suspected straw purchases immediately.

  • Curios or Relics:

    • Firearms over 50 years old are considered curios; must fill out Form 4473 if not classified as such.

Gunsmithing Activities

  • Gunsmithing Definition:

    • Serious business activities such as repairing or customizing; occasional repairs do not qualify.

  • Recordkeeping:

    • Firearms kept for overnight repairs must be recorded separately.

  • Excise Tax:

    • Tax required for licensed importers and manufacturers based on sale of firearms and ammunition.

Firearms & Ammunition Manufacturers

  • Manufacturer Definition:

    • Engaged in regular manufacturing for commercial profit; unique serial numbers must be marked.

  • Annual Reports:

    • Type 7 license holders must submit annual reports by April 1 for firearms sold in the previous year.

  • NFA Firearms:

    • Tax and reporting required for manufacturing NFA items; special occupational tax applies to importers and manufacturers.

Importers

  • Importer Definition:

    • Responsibilities include 기록 acquisitions within 15 days, and dispositions within 7 days.

  • Marking Requirements:

    • Must mark imported firearms with their details and include manufacturer’s information.

Exportation

  • Arms Export Control Act:
    • Gives the President control over defense article imports/exports; State Department handles export regulations.

Safer Communities Act

  • Overview:

    • Aimed at reducing gun violence by expanding background checks and mental health services while ensuring school safety.

  • Straw Purchase Penalties:

    • Increased fines and penalties for violations, including potential imprisonment.### Trafficking of Firearms

  • Participation in a straw purchase linked to a firearm used for felonies, terrorism, or drug trafficking can result in a prison sentence of up to 25 years.

  • Increased fines implemented for offenses related to firearm trafficking.

Penalties for Violations

  • Violating any subsection related to firearm trafficking can lead to fines, imprisonment for no more than 15 years, or both.
  • Convictions under U.S.C sections 932 or 933 lead to forfeiture of property tied to the offense, including proceeds obtained directly or indirectly.

Financial Consequences

  • Individuals profiting from offenses under sections 932 or 933 can face fines up to the greater of the standard authorized fines or twice the gross profits derived from the offense.

Regulations in School Zones

  • Firearms located within 1,000 feet of a school must be unloaded and stored in a locked container before leaving the premises.

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Description

This quiz covers the essential procedures for logging acquisitions and dispositions in a timely manner. It includes guidelines for different types of record keepers such as dealers, collectors, and manufacturers, ensuring compliance with required timelines. Test your knowledge on the best practices related to record-keeping in various contexts.

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