dealer-to-individual transfer ppwk

[ogobetse]

Hi there,
I wound up talking to an ooooold class 3 dealer at the bar and he mentioned that he never kept a record or details of the individual buyer that he was transferring a class 3 gun to until after the transfer was approved.

I don't know much about the NFA/Class 3 world, but wouldn't the dealer put something in their books at the time the paperwork was started? Is it true that the actual book keeping in their ''ledger" doesn't start until the transfer is approved?

Specifically asking about the legal paperwork side of things; not a sale receipt. I think this guy was getting those confused and i want to clarify here.

thanks in advance

 

[RRomig]

Our deposition book has in and out. I used to pencil in the name of the owner. No transfer date or 4473 serial but just a name to help me or if I should fall off a cliff help who ever has to come clean up. The ATF agent told me Not to write anything until it’s transferred. So now I use post it squares. I do also keep a folder with form 3s and customer info. So info is there just not in book until it leaves.

 

[IMBLITZVT]

Yeah, I am just a C&R but I still have to keep a book. Nothing goes in until its official. I just keep a copy of the submitted Form 4 until I get the approved version.

 

[Docster]

It's always suspicious when a first post(er) asks such questions. At least it should be.