Armory Sponsor
Posted: 3/19/2011 9:44:08 PM EDT
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Still waiting on my interview but have been reading through the ATF reg book. What I haven't cone across is anything referring to consignment. Anyone know the rules on this? I have some friends wanting me to put some of their stuff out once I get the store open.
Thanks! Shane |
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From here:
http://www.atf.gov/publications/download/p/atf-p-5300-15.pdf Correctly completing ATF Forms 4473 is one of the most important things you can do to ensure that ATF can trace crime guns. This form must be completed when you: 1. sell or trade a firearm; 2. return a consignment firearm; 3. return a pawned firearm; 4. loan or rent a firearm for use off of your licensed premises; or 5. otherwise transfer a firearm to a non-licensed person. ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––- You MUST at all times maintain on your licensed premises A&D records that document the acquisition and disposition of firearms. The A&D record must include information about the acquisition and disposition of ALL firearms for sale or trade, consignment firearms, pawned firearms, repair firearms (if sent for repairs or kept overnight), replacement firearms, firearms loaned or rented for use off your licensed premises, and all other acquisitions and dispositions of firearms. All firearms that you acquire must be documented in your A&D record. –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– No Form 3310.4 is necessary for the return of multiple handguns to the same person from whom they were received—such as the return of multiple consignment, pawned, or repaired handguns. |
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As posted above you must do a 43473 and NICS (or whatever your state does) to return a consigned firearm. We have an agreement that the customer must sign to consign a firearm. The agreement clearly states that you must do a 4473 and NICS to get the firearm returned. We also verbally tell the person that they MUST do the 4473-NICS to get the firearm back. This is to avoid the "but it's my gun, why do I have to do paperwork?". |
Armory Sponsor