On another thread, muleskinner rpeorted that he made an inquiry about the wait time- he quotes the answer he received from the head of the MSP licensing division. The letter is pretty clear that the MSP considers it legal for the FFL to release the regulated arm after the 7 day wait (which he called a "cooling off period". Also he pretty much undeniably notes that if it takes over 90 days, that will not be a reason for disapproval.
The letter does not address the 30 day wait, but Patrick has explained the well in another thread. to wit- pay for as many as you want/can afford and your FFL will hold and submit the paperwork. But only (Unless a DC) are you allowed to pick up more than one every 30 days (or two at once with a 60 day period before the next pick up under certain circumstances).
I think its post #523
http://www.mdshooters.com/showthread.php?t=117155&page=27
The letter does not address the 30 day wait, but Patrick has explained the well in another thread. to wit- pay for as many as you want/can afford and your FFL will hold and submit the paperwork. But only (Unless a DC) are you allowed to pick up more than one every 30 days (or two at once with a 60 day period before the next pick up under certain circumstances).
I think its post #523
http://www.mdshooters.com/showthread.php?t=117155&page=27