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November 24, 2010, 03:30 PM | #1 |
Junior member
Join Date: December 14, 2007
Posts: 42
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Just applied for C&R license
Hey guys,
I just submitted my application for C&R license and I am pretty excited about it. I am also out of the loop regarding what I need to do to conduct transactions according to the law. Any direct advise or help finding a good primer would be appreciated. |
December 6, 2010, 08:50 AM | #2 |
Senior Member
Join Date: June 9, 2010
Location: NEPA
Posts: 909
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They will send you a FFl. Do not sign the original (save that to make photocopies). Make a few copies and sign those. Mail or bring a signed copy to the seller and that is it. You must also start a bound ledger book to record your C&R purchases. Must list from whom and when you purchased it, serial numbers and then the date and to whom you sold it to.
Remember that as a C&R you are a collector and not a gun dealer so you have to limit what you sell out of your collection. |
December 6, 2010, 04:14 PM | #3 |
Member
Join Date: November 18, 2009
Posts: 25
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You will also receive a large manila envelope containing printed material and a DVD which will answer most of your questions.
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December 7, 2010, 04:49 PM | #4 |
Member
Join Date: August 26, 1999
Location: Oldsmar, FL
Posts: 16
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BTW that "bound book" is just a legal term. You can use a 3 ring binder as all the entries are numbered. Some are available on the internet. Just be sure to add the required info immediately and dont just scratch it on a gunshow price ticket then lose it before you get home
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