Armory Sponsor
Posted: 4/10/2017 10:22:20 AM EDT
| Does anyone know what the current approval time is for a C&R license? Mine expired four years ago and I am going to reapply. |
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Last time around the word was that you could trash the book if the license expired, but if the license was surrendered then you had to turn the book in with it.
Keeping a book ok is no big deal, all you have to do is log in the gun when you buy it and out when you sell it (if you have a license when you sell it). |
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Mailed mine April 7th, regular mail. Charged on April 14th. Still pending. 
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Isn't it a simple form you fill out and mail to the ATF? I recall not doing it because of a log book. Do you have to record all C&R guns even if they were bought face to face? And can you at least destroy the log book after your C&R license elapses? Quoted:
Isn't it a simple form you fill out and mail to the ATF? I recall not doing it because of a log book. Do you have to record all C&R guns even if they were bought face to face? And can you at least destroy the log book after your C&R license elapses? Are licensed collectors required to turn in their acquisition/disposition records to ATF if their collector’s license is not renewed or they discontinue their collecting activity?
No. The GCA requires the delivery of required records to the Government within 30 days after a firearm “business” is discontinued. A license as a collector of Curios or Relics does not authorize any business with respect to firearms. This is in contrast to firearm importers, manufacturers, and dealers who are licensed to engage in a firearms business. Therefore, the records required to be kept by licensed collectors under the law and regulations are not business records and are not required to be turned in to ATF when collectors’ licenses are not renewed or collecting activity under such licenses is discontinued. [18 U.S.C. 923(g)(4), 27 CFR 478.127] (e) Records of dealers and collectors under the Act. The records prepared by licensed dealers and licensed collectors under the Act of the sale or other disposition of firearms and the corresponding record of receipt of such firearms shall be retained through December 15, 1988, after which records of transactions over 20 years of age may be discarded. |
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From 27 CFR 478.129: So if you've been a C&R or dealer for 20+ years, any transactions (receipts or dispositions) that took place more than 20 years ago no longer have to be recorded in your bound book. If you let your C&R expire, you have to keep records of transactions for 20 years, then you can get rid of them. |
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That isn't how it reads. 1988 was the cutoff for retention of records. Quoted:
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From 27 CFR 478.129: So if you've been a C&R or dealer for 20+ years, any transactions (receipts or dispositions) that took place more than 20 years ago no longer have to be recorded in your bound book. If you let your C&R expire, you have to keep records of transactions for 20 years, then you can get rid of them. As the language reads: The records prepared by licensed dealers and licensed collectors under the Act of the sale or other disposition of firearms and the corresponding record of receipt of such firearms shall be retained through December 15, 1988, after which records of transactions over 20 years of age may be discarded. |
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