FFL FFL Business Operations & Security Requirements 1

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

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?

Accepted Answer

ATF

Answer

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?

Accepted Answer

20 years

Answer

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?

Accepted Answer

Report to ATF within 48 hours

Answer

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?

Accepted Answer

ATF Bound Book (A&D Record)

Answer

The ATF Bound Book, or Acquisition and Disposition (A&D) Record, must document every firearm received and transferred by an FFL.

(FFL) Certified Federal Firearms License Specialist Practice Test