An FFL's license is about to expire and the licensee submits a renewal application 90 days before expiration. ATF has not yet acted on the application when the license expires. May the FFL continue business operations?
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A
No, the FFL must immediately cease all business until a new license is issued
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B
Yes, the FFL may continue operating under the timely-filed renewal application until ATF acts on it
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C
Yes, but only for 30 days past expiration
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D
No, unless the FFL obtains a written extension from the local ATF office