FFL Firearms Transfers & Transactions 3

Question 1

A pawn broker with an FFL redeems a firearm that was pawned by a customer. This transaction is treated as:

Accepted Answer

An acquisition (return of a firearm to the pawnee)

Answer

When a pawnbroker redeems a firearm back to the original pawnee, it is recorded as a disposition of the previously acquired firearm.

Question 2

Which of the following scenarios requires an FFL dealer to file a Suspicious Activity Report (SAR)?

Accepted Answer

A customer purchases five long guns with cash and is evasive about end use

Answer

Dealers licensed as financial institutions (FFLs that are also money service businesses) must file SARs for suspicious transactions; ATF also has voluntary reporting mechanisms.

Question 3

For an interstate transfer of a long gun between two FFLs, which form documents the transfer from the transferor's records?

Accepted Answer

The A&D bound book entry alone

Answer

Non-NFA long gun transfers between FFLs are documented in the A&D bound book and typically accompanied by an invoice; no separate ATF form is required.

Question 4

A transferee who is denied by NICS may appeal the decision through:

Accepted Answer

The FBI's NICS Section via a voluntary appeal file (VAF) request

Answer

Denied individuals may challenge the denial by contacting the FBI NICS Section and submitting fingerprints and supporting documentation through the VAF process.

Question 5

A federally licensed collector (Type 03 C&R FFL) may acquire curio and relic firearms directly from:

Accepted Answer

Other licensed dealers and manufacturers without a Form 4473, using their C&R license

Answer

C&R licensees may acquire C&R-eligible firearms from other FFLs without a Form 4473 by providing their C&R license number, which is recorded in the seller's A&D record.

(FFL) Certified Federal Firearms License Specialist Practice Test

(FFL) Certified Federal Firearms License Specialist Practice Test

FFL Firearms Transfers & Transactions 3