FFL03 Bound Book

[metalcruncher]

Found some references to my question on other older threads here but cannot find the reference on the ATF website.

Can someone point me in the right direction where to find where it states that a FFL03 can destroy his/her bound book once their license is expired?

And a follow up...if one applies again for a FFL03 at a later time, is there a requirement to produce the previous bound book if audited?

Thanks.

[morrcarr67]

Found some references to my question on other older threads here but cannot find the reference on the ATF website.



Can someone point me in the right direction where to find where it states that a FFL03 can destroy his/her bound book once their license is expired?



And a follow up...if one applies again for a FFL03 at a later time, is there a requirement to produce the previous bound book if audited?



Thanks.

https://www.atf.gov/firearms/qa/are-...records-atf-if

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[morrcarr67]

Found some references to my question on other older threads here but cannot find the reference on the ATF website.



Can someone point me in the right direction where to find where it states that a FFL03 can destroy his/her bound book once their license is expired?



And a follow up...if one applies again for a FFL03 at a later time, is there a requirement to produce the previous bound book if audited?



Thanks.

If you get a new C&R you start a new A/D book.

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[-hanko]

And a follow up...if one applies again for a FFL03 at a later time, is there a requirement to produce the previous bound book if audited?

Thanks.

No requirement to produce or possess your previous bound book.

[metalcruncher]

Thanks

[gator68]

I'm not a lawyer, but I look at this and it seems to say that records must be kept by collectors for 20 years.

https://www.law.cornell.edu/cfr/text/27/478.129

collectors under the Act. The records prepared by licensed dealers and licensed collectors under the Act of the sale or other disposition of firearms and the corresponding record of receipt of such firearms shall be retained through December 15, 1988, after which records of transactions over 20 years of age may be discarded.

[Brad H]

Interesting, Unless I am misreading the record retention section above it appears that we need to keep them for 20 years?

[bruce381]

not for ffl 03

[Milsurp1]

^^^ Why not for FFL03?

[bruce381]

its says some where you do not need to keep or turn in ffl3
it may have come with mine I do not remember because you are NOT a dealer.

[bruce381]

FFL 03 Do not fill in a 4473 or do a NICs check. because you are NOT a dealer


(b)Firearms transaction record. Licensees shall retain each Form 4473 and Form 4473(LV) for a period of not less than 20 years after the date of sale or disposition. Where a licensee has initiated a NICS check for a proposed firearms transaction, but the sale, delivery, or transfer of

[Milsurp1]

[nitehawk117]

I'm not a lawyer either but I would hope that following the governing agencies policy would be good to go. It's straight from their website that you do not need to keep it.

[SVT-40]

FFL 03 Do not fill in a 4473 or do a NICs check. because you are NOT a dealer


(b)Firearms transaction record. Licensees shall retain each Form 4473 and Form 4473(LV) for a period of not less than 20 years after the date of sale or disposition. Where a licensee has initiated a NICS check for a proposed firearms transaction, but the sale, delivery, or transfer of

In some states 03's do use 4473's because it's legal to transfer C&R firearms to non licensees. No NICS though because they are not dealers.

[bruce381]

i do not know but I will do this.

Are licensed collectors required to turn in their acquisition and disposition records to ATF if they discontinue their collecting activity?

No. Licensed collectors are not required to submit their records to ATF upon discontinuance of their collecting activity.

[18 U.S.C. 923(g)(4); 27 CFR 478.127]