FFL Business Operations & Security Requirements Flashcards
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Read the first 6 FFL Business Operations & Security Requirements flashcards as text
What is the minimum age requirement to purchase a handgun from a licensed FFL dealer in the United States?
Answer: 21 years old
Federal law requires buyers to be at least 21 years old to purchase a handgun from a licensed FFL dealer.
Which federal agency is primarily responsible for regulating FFLs and enforcing federal firearms laws?
Answer: ATF
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is the primary federal agency responsible for regulating FFLs.
How long must an FFL dealer retain completed ATF Form 4473 records after a firearms transaction?
Answer: 20 years
FFLs are required to retain ATF Form 4473 records for a minimum of 20 years from the date of transfer.
What must an FFL dealer do if they discover a firearm is missing from their inventory during a physical count?
Answer: Report to ATF within 48 hours
An FFL must report any missing firearm to the ATF within 48 hours of discovering the discrepancy.
Which document must an FFL dealer complete to record every firearm acquired and disposed of?
Answer: ATF Bound Book (A&D Record)
The ATF Bound Book, or Acquisition and Disposition (A&D) Record, must document every firearm received and transferred by an FFL.
What is the maximum penalty for knowingly making a false statement on ATF Form 4473?
Answer: 10 years imprisonment
Making false statements on ATF Form 4473 is a federal felony punishable by up to 10 years in prison.
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