CFA ATF & State Transfer Regulations 2

Question 1

Under federal law, what is the maximum penalty for knowingly making a false statement on ATF Form 4473?

Accepted Answer

Up to 10 years imprisonment and fines

Answer

Knowingly making a false statement on Form 4473 is a federal felony punishable by up to 10 years in prison and substantial fines under 18 U.S.C. § 922(a)(6).

Question 2

Which ATF form is required to transfer a National Firearms Act (NFA) item from one individual to another?

Accepted Answer

ATF Form 4 (Application for Tax Paid Transfer)

Answer

ATF Form 4 is the Application for Tax Paid Transfer and Registration of Firearm used when transferring an NFA item between private parties.

Question 3

A licensed dealer in Texas receives a firearm via interstate commerce that has had its serial number removed. What is the dealer legally required to do?

Accepted Answer

Report the firearm to ATF and not transfer it

Answer

Under 18 U.S.C. § 922(k), possessing or transferring a firearm with an obliterated serial number is illegal, and the FFL must report it to the ATF.

Question 4

How long must an FFL dealer retain completed ATF Form 4473 records when the firearm transfer was denied by NICS?

Accepted Answer

Indefinitely until out of business

Answer

ATF regulations require FFLs to retain all Forms 4473 — including denied transactions — for at least 20 years, and to transfer records to ATF upon going out of business.

Question 5

A California resident wants to purchase a handgun while visiting Nevada. The Nevada FFL can:

Accepted Answer

Ship the handgun to a California FFL for transfer to the buyer

Answer

Federal law (18 U.S.C. § 922(b)(3)) prohibits an FFL from transferring a handgun to a resident of another state; the gun must be shipped to an FFL in the buyer's home state.

CFA Practice Test

CFA Practice Test

CFA ATF & State Transfer Regulations 2