FFL FFL Business Operations & Security Requirements 1 — Questions and Answers
Question 1: What is the minimum age requirement to purchase a handgun from a licensed FFL dealer in the United States?
- 18 years old
- 19 years old
- 20 years old
- 21 years old (Correct answer)
Correct answer: 21 years old
Federal law requires buyers to be at least 21 years old to purchase a handgun from a licensed FFL dealer.
Question 2: Which federal agency is primarily responsible for regulating FFLs and enforcing federal firearms laws?
- FBI
- DEA
- ATF (Correct answer)
- DHS
Correct answer: ATF
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is the primary federal agency responsible for regulating FFLs.
Question 3: How long must an FFL dealer retain completed ATF Form 4473 records after a firearms transaction?
- 5 years
- 10 years
- 15 years
- 20 years (Correct answer)
Correct answer: 20 years
FFLs are required to retain ATF Form 4473 records for a minimum of 20 years from the date of transfer.
Question 4: What must an FFL dealer do if they discover a firearm is missing from their inventory during a physical count?
- Wait 30 days before reporting
- Report to ATF within 48 hours (Correct answer)
- Only update the acquisition and disposition record
- File a police report only
Correct answer: Report to ATF within 48 hours
An FFL must report any missing firearm to the ATF within 48 hours of discovering the discrepancy.
Question 5: Which document must an FFL dealer complete to record every firearm acquired and disposed of?
- ATF Form 4473
- ATF Form 3310.4
- ATF Bound Book (A&D Record) (Correct answer)
- ATF Form 5300.38
Correct 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.
Question 6: What is the maximum penalty for knowingly making a false statement on ATF Form 4473?
- 1 year imprisonment
- 5 years imprisonment
- 10 years imprisonment (Correct answer)
- 15 years imprisonment
Correct answer: 10 years imprisonment
Making false statements on ATF Form 4473 is a federal felony punishable by up to 10 years in prison.
FFL FFL Business Operations & Security Requirements 1
What is the minimum age requirement to purchase a handgun from a licensed FFL dealer in the United States?