How Soon Can You Sell a FFL03 + CoE Acquistion?

[TheLD]

I acquired some C&R rifles with my FFL03 + CoE in a lot just over a week ago and I've decided against keeping some of them now. How soon can I sell them after I've acquired them?

To be clear, I reported them via CFARS earlier this week and I got the confirmation that the DoJ received the applications for each rifle, but it's taken them months to mail me a letter that they cleared my application for guns I've reported in the past. Do I have to wait until I get that letter in the mail for each rifle I'm planning to sell?

I've never sold a gun since getting my FFL03 + CoE so any pointers would be greatly appreciated.

[Freedom_shooter]

[SVT-40]

You are in California, so you are dealing with two different regulatory bodies.

California DOJ, and Federal BATFE.

Federally there is no time requirement as to how long you need to "hold" a
C&R firearm in your collection.

You can "dispose" of it the same day you " acquire" it.

But I wouldn't make a habit of that, as it could be interpreted as being in a business.

California has it's own set of laws related to the number and frequency of firearm "dispositions" (sales) under California law.

Good luck.

[TheLD]

Definitely more concerned about the CA DOJ throwing a fit over the ATF right now.

Don't worry, I don't plan on making a business out of this though.

[Wheellock]

Sounds like you got some good answers, but you failed to give the most important info....what are you selling? I'm not buying, just like to window shop.

[DrewN]

Sounds like you got some good answers, but you failed to give the most important info....what are you selling? I'm not buying, just like to window shop.

That's me too right now. I didn't have a RealID for over a year and I thought I'd be stoked to be able to buy something again, but not so much. Probably get off my butt to order up an MR73, but there's not much else out there I want to buy.

[TheLD]

Heh, collectors never change.

[morrcarr67]

Definitely more concerned about the CA DOJ throwing a fit over the ATF right now.

Don't worry, I don't plan on making a business out of this though.

The CA law says you need to report the acquisition within a certain amount of time. You've done that. Nothing in the law says that the state is or has to respond to your report of acquisition.

There are no CA or Federal laws that says you have to "hold" an acquisition for any amount of time before you may dispose of it.

If you dispose of an acquisition before the CA DOJ out of the curtsy of their hearts send you a confirmation letter, you will probably get a letter stating that they could not complete your request.

Don't worry about that notice. It just means that since you sold it, they are not going to attach it to your permanent record.

[BrokerB]

As soon as I opened a crate of sks's the dregs got sold to recoup my purchase costs. No time line needed. This was before Kalifornia completely BS self registration scheme. I burned my bound book and canceled the ffl03. Waste of my time/money and I'm not supporting the jackboot thugs at cadoj