[Paper]

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(f) Firearms receipt and disposition by licensed collectors. Each
licensed collector shall enter into a record each receipt and
disposition of firearms curios or relics. The record required by this
paragraph shall be maintained in bound form under the format prescribed
below. The purchase or other acquisition of a curio or relic shall,
except as provided in paragraph (g) of this section, be recorded not
later than the close of the next business day following the date of such
purchase or other acquisition. The record shall show the date of
receipt, the name and address or the name and license number of the
person from whom received, the name of the manufacturer and importer (if
any), the model, serial number, type, and the caliber or gauge of the
firearm curio or relic. The sale or other disposition of a curio or
relic shall be recorded by the licensed collector not later than 7 days
following the date of such transaction. When such disposition is made to
a licensee, the commercial record of the transaction shall be retained,
until the transaction is recorded, separate from other commercial
documents maintained by the licensee, and be readily available for
inspection. The record
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shall show the date of the sale or other disposition of each firearm
curio or relic, the name and address of the person to whom the firearm
curio or relic is transferred, or the name and license number of the
person to whom transferred if such person is a licensee, and the date of
birth of the transferee if other than a licensee. In addition, the
licensee shall cause the transferee, if other than a licensee, to be
identified in any manner customarily used in commercial transactions
(e.g., a driver's license), and shall note on the record the method
used. In addition, the licensee shall--
(1) Cause the transferee, if other than a licensee, to be identified
in any manner customarily used in commercial transactions (e.g., a
driver's license), and note on the record the method used, and
(2) In the case of a transferee who is an alien legally in the
United States and who is other than a licensee--
(i) Verify the identity of the transferee by examining an
identification document (as defined in Sec. 178.11), and
(ii) Cause the transferee to present documentation establishing that
the transferee is a resident of the State (as defined in Sec. 178.11) in
which the licensee's business premises is located if the firearm curio
or relic is other than a shotgun or rifle, and note on the record the
documentation used or is a resident of any State and has resided in such
State continuously for at least 90 days prior to the transfer of the
firearm if the firearm curio or relic is a shotgun or rifle and shall
note on the record the documentation used. Examples of acceptable
documentation include utility bills or a lease agreement which show that
the transferee has resided in the State continuously for at least 90
days prior to the transfer of the firearm curio or relic.
(3) The format required for the record of receipt and disposition of
firearms by collectors is as follows:
Firearms Collectors Acquisition and Disposition Record
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Description of firearm Receipt Disposition
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Name and Name and For transfers
address address Driver's to aliens,
Serial Caliber or name or name Date of license No. or documentation
Manufacturer and/or importer Model No. Type or Date and Date and birth if other used to
gauge license license nonlicensee identification establish
No. No. if nonlicensee residency
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(g) Commercial records of firearms received. When a commercial
record is held by a licensed dealer or licensed collector showing the
acquisition of a firearm or firearm curio or relic, and such record
contains all acquisition information required by the bound record
prescribed by paragraphs (e) and (f) of this section, the licensed
dealer or licensed collector acquiring such firearm or curio or relic,
may, for a period not exceeding 7 days following the date of such
acquisition, delay making the required entry into such bound record:
Provided, That the commercial record is, until such time as the required
entry into the bound record is made, (1) maintained by the licensed
dealer or licensed collector separate from other commercial documents
maintained by such licensee, and (2) readily available for inspection on
the licensed premises: Provided further, That when disposition is made
of a firearm or firearm curio or relic not entered in the bound record
under the provisions of this paragraph, the licensed dealer or licensed
collector making such disposition shall enter all required acquisition
information regarding the firearm or firearm curio or relic in the bound
record at the time such transfer or disposition is made.
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(h) Alternate records. Notwithstanding the provisions of paragraphs
(a), (e), and (f) of this section, the Director of Industry Operations
may authorize alternate records to be maintained by a licensed dealer or
licensed collector to record the acquisition and disposition of firearms
or curios or relics and the disposition of armor piercing ammunition
when it is shown by the licensed dealer or the licensed collector that
such alternate records will accurately and readily disclose the required
information. A licensed dealer or licensed collector who proposes to use
alternate records shall submit a letter application, in duplicate, to
the Director of Industry Operations and shall describe the proposed
alternate records and the need therefor. Such alternate records shall
not be employed by the licensed dealer or licensed collector until
approval in such regard is received from the Director of Industry
Operations.
(i) Requirements for importers and manufacturers. Each licensed
importer and licensed manufacturer selling or otherwise disposing of
firearms or armor piercing ammunition to nonlicensees shall maintain
such records of such transactions as are required of licensed dealers by
this section.
(Approved by the Office of Management and Budget under control number
1512-0387)
[T.D. ATF-270, 53 FR 10503, Mar. 31, 1988, as amended by T.D. ATF-273,
53 FR 24687, June 30, 1988; T.D. ATF-313, 56 FR 32508, July 17, 1991;
T.D. ATF-389, 62 FR 19445, Apr. 21, 1997