FFL FFL Business Operations & Security Requirements

Question 1

What is the minimum age requirement to purchase a handgun from a licensed FFL dealer in the United States?

Accepted Answer

21 years old

Answer

18 years old

Answer

19 years old

Answer

20 years old

Question 2

Which federal agency is primarily responsible for regulating FFLs and enforcing federal firearms laws?

Accepted Answer

ATF

Answer

FBI

Answer

DEA

Answer

DHS

Question 3

How long must an FFL dealer retain completed ATF Form 4473 records after a firearms transaction?

Accepted Answer

20 years

Answer

5 years

Answer

10 years

Answer

15 years

Question 4

What must an FFL dealer do if they discover a firearm is missing from their inventory during a physical count?

Accepted Answer

Report to ATF within 48 hours

Answer

Wait 30 days before reporting

Answer

Only update the acquisition and disposition record

Answer

File a police report only

Question 5

Which document must an FFL dealer complete to record every firearm acquired and disposed of?

Accepted Answer

ATF Bound Book (A&D Record)

Answer

ATF Form 4473

Answer

ATF Form 3310.4

Answer

ATF Form 5300.38

Question 6

What is the maximum penalty for knowingly making a false statement on ATF Form 4473?

Accepted Answer

10 years imprisonment

Answer

1 year imprisonment

Answer

5 years imprisonment

Answer

15 years imprisonment