Quoted: The Marion County Sheriff signs off on NFA items, I've just heard that it takes around two weeks. Shooter521 comes to mind when I think of a Marion County resident who goes the individual transfer route (sorry ViperEH, you're corporate ). Maybe he or someone else can give you specifics.
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If you have your local chief sign the form, you won't know if there's a problem until it gets kicked back by ATF after weeks of waiting, so IMO it's best to go with the person you
know ATF will recognize as the CLEO in your jurisdiction. If you reside within Marion County, that person is the Marion County Sheriff. The procedure for getting the sign-off is simple, but takes a little time due to the bureaucracy downtown.
Take your completed Form 1s
with photographs attached along with the two FBI print cards down to the Citizens Services desk @ the City-County Building, and tell them you need to have ATF forms that need to be signed by the Sheriff.
If the clerks are savvy, they will give you an IPD background check form and an in-house fingerprint card to fill out, and once that's done they will take 3 sets of prints (1 IPD, 2 ATF). If they're not savvy, you'll have to tell them what you need; the background check is included in the Form 1 process, so don't let them try to charge you for it separately.
After the prints are taken, you pay them their fee ($9.00 or $10.00, IIRC - cash only) and take back the two completed ATF print cards. They will send the remaining paperwork down to have the background check run and then forward it to the Sheriff or his designee for the signature. I always leave them a self-addressed stamped envelope and instruct them to mail the forms back to me once they're approved. I also give them a phone number where I can be reached in the event of a problem.
It usually takes about 2 weeks to get the signed forms back, but I've done four of 'em now and I've never had a problem. If you do, call the Firearms Section and ask for Sandra Cottey; she "knows what time it is" and will be quite willing and able to help out.
HTH!