FFL Licensing Procedures & Recordkeeping 3

Question 1

Which federal law is the primary statute governing FFL licensing requirements?

Accepted Answer

Gun Control Act of 1968 (GCA)

Answer

The Gun Control Act of 1968 established the federal firearms licensing system and its core requirements for dealers, manufacturers, and importers.

Question 2

How many days after a firearms sale must an FFL dealer record the disposition in the A&D bound book?

Accepted Answer

By close of next business day

Answer

Dispositions must be recorded no later than by the close of business on the next business day following the transfer.

Question 3

An FFL dealer in Texas sells a long gun to a resident of Oklahoma. Is this permissible?

Accepted Answer

Yes, if the sale complies with laws of both states and federal law

Answer

The GCA allows FFLs to sell long guns to residents of contiguous states if the transaction complies with the laws of both the buyer's and seller's states.

Question 4

What must an FFL do if ATF requests to inspect their records and inventory during normal business hours?

Accepted Answer

Provide immediate access to records and inventory

Answer

FFLs must allow ATF to inspect their records, documents, and inventory during business hours without prior notice or a warrant as a condition of licensure.

Question 5

A customer completes Form 4473 but the NICS check returns a 'Delayed' status. How long must the FFL wait before proceeding with the transfer?

Accepted Answer

3 business days

Answer

If NICS returns a 'Delayed' response, the FFL may transfer the firearm if no denial is received within 3 business days (the 'default proceed' provision).

(FFL) Certified Federal Firearms License Specialist Practice Test

(FFL) Certified Federal Firearms License Specialist Practice Test

FFL Licensing Procedures & Recordkeeping 3