First C&R purchase from a dealer

[Russian Bot]

Went to Turners yesterday, and saw a Remington 121 on the shelf. I liked it so I went ahead and picked it up. They actually honored the 10 day exemption for FFL03 and COE which was cool. Still did a background check and charged me for it which was annoying, but oh well such is life. Took it home same day, and the guy that helped out was willing to learn and work through the paperwork rather than just saying he couldn't do it because he hadn't before.

[footdoc]

I handled an old Fieldmaster pump action many years ago and liked it. They are not common these days. Hope you got it for a good price.

[dfletcher]

Went to Turners yesterday, and saw a Remington 121 on the shelf. I liked it so I went ahead and picked it up. They actually honored the 10 day exemption for FFL03 and COE which was cool. Still did a background check and charged me for it which was annoying, but oh well such is life. Took it home same day, and the guy that helped out was willing to learn and work through the paperwork rather than just saying he couldn't do it because he hadn't before.

I haven't paid much attention to it, however I've always been charged DROS when doing a C&R/COE sale via FFL. Happens at every store I patronize. This is wrong?

Out of state and depending which one, no check. But in CA, I thought we're stuck.

[Russian Bot]

I haven't paid much attention to it, however I've always been charged DROS when doing a C&R/COE sale via FFL. Happens at every store I patronize. This is wrong?

Out of state and depending which one, no check. But in CA, I thought we're stuck.

It's probably a requirement, and didn't stop me from buying it.

[Spaffo]

DROS is normal. C&R plus COE just exempts you from 10 day wait. Still goes in your bound book even if DROS'd.

[morrcarr67]

DROS is normal. C&R plus COE just exempts you from 10 day wait. Still goes in your bound book even if DROS'd.

^^^^
What he said





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[Russian Bot]

Her it is in all its glory

[hollowpoint67]

DROS is normal. C&R plus COE just exempts you from 10 day wait. Still goes in your bound book even if DROS'd.

Pretty sure it does not go in the bound book as there is a DROs form for it.

Bound book is for acquisitions made outside of the 4473 process.

[SVT-40]

Pretty sure it does not go in the bound book as there is a DROs form for it.

Bound book is for acquisitions made outside of the 4473 process.

Nope. ALL acquisitions have to be entered in your book.

If you acquire any C&R firearm in any way, you are required to enter it.

There are no exceptions period.

Same with dispositions. If you dispose of a C&R firearm you have to enter it in your book.

That's why they use the terms "acquire and dispose".

Not buy and sell.

Your bound book requirements are Federal law. There are no exceptions because a firearm was sold to or transferred to a licensed collector by a dealer in any state.

The C&R firearm was "acquired" from a Calif dealer. Simply because there was a "DROS" done, which is Calif requirement, doesn't allow a Federally licensed collector to ignore Federal law and policies.

If you're a licensed collector you enter ALL, EVERY, ANY C&R firearm you acquire into your bound book regardless of where you got it, or how you got it.

There are no exceptions.

[Spaffo]

SVT, thanks for the back up. A lot of C&R licensees are under the false impression that DROS is a replacement for ATF boundbook requirements.

[flyer898]

However, your bound book is not a record you are required to surrender or even maintain past the expiration of your 03 FFL. During the term of a 03 FFL all acquisitions and dispositions of C&R firearms must be recorded.
And when your 03 FFL expires, one need no longer keep their bound book.
If at a later date you decide you want a 03 FFL afterall, you start a new book.

[Milsurp1]

Wrong, 03 FFLs must retain their bound books for 20 years.

[Milsurp1]

27 CFR 478.129(e)

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

[SVT-40]

Wrong, 03 FFLs must retain their bound books for 20 years.

Nope. Nor are they required to turn their bound books in when their license is not renewed.

C&R licensees are not required to fill out 4473 forms when Disposing of C&R firearm to a non licensee.

C&R licensees are required to keep a record of all acquisitions and disposals of C& R firearms in their bound book.

[Milsurp1]