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September 19th, 2014, 11:00 PM #1
Private transfers of NFA items question.
I've seen on the boards here that you can do a private transfer of NFA items (I assume on a form 4).
My question is, while waiting for the approval by ATF, who would hold onto the NFA item?
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September 19th, 2014, 11:10 PM #2
Re: Private transfers of NFA items question.
Attorney Phil Kline, AKA gunlawyer001@gmail.com
Ce sac n'est pas un jouet.
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September 19th, 2014, 11:13 PM #3
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September 19th, 2014, 11:35 PM #4
Re: Private transfers of NFA items question.
Attorney Phil Kline, AKA gunlawyer001@gmail.com
Ce sac n'est pas un jouet.
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September 20th, 2014, 09:00 AM #5
Re: Private transfers of NFA items question.
The other option is have a 3rd party, such as a FFL/SOT, hold the item until the Form 4 is returned. However, the item must stored securely, such as a small safe, that the 3rd party does not have the key too with a copy of the Form 4 accessible. We do this about once a year for customers and currently have one in our big safe waiting for the transfer to be completed. Once the transfer is completed, we hand the safe to the buyer and he gets the key from the seller.
Washington County Machine Guns & Tactical Range -- CMP Affiliated Club -- FFL 07 / FFL 10 / FEL 20 / SOT 02 / ITAR
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September 20th, 2014, 08:26 PM #6
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