• This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn more.

Question about transfers







#1
Now that transfers take days to complete, if Im doing a private party sale, how/when is the money exchanged?

Does the seller have to come back when the transfer comes through?
 
#2
That's a really good question. I haven't done one yet so I can't really answer, but, it seems to me that the firearm is actually in the FFL's possession as soon as the 4473 is submitted and the transfer fee is paid, so I don't see why you would need to return unless the BGC fails.
 

Kinoons

Obsessed Member
Forum Supporter
2019 Supporter
2020 Supporter
#3
Better question is if we can treat these as out of state transfers. You drop off the firearm alone, the FFL lists the item into the book, and the buyer comes and pays for a BGC and the transfer. If the buyer has a CCW then no background check.
 

Gullwing

"Gunsmith"
Staff member
Moderator
#4
Each one is different. Some exchange cash when they come in to do the transfers, others exchange when they come to pick it up. If I was selling, why would I want to make two trips? I would do cash up front.
 

MAC702

LEGEN...wait for it... DARY!
Forum Supporter
2020 Supporter
Commercial Sponsor
#5
Correct, it's not up to NFA how the two parties decide to handle that part. But I'm very interested in hearing if they have the ability to treat it as an acquisition/transfer of the store instead of a private party transfer.

Of course, they still totally deserve the fee, but it eliminates the unconstitutional delays.
 

Ronsmag

Obsessed Member
Forum Supporter
#6
I just did 2 went to the FFL I looked over the weapon in the parking lot paid the seller we both went in and the FFL takes our ID and I fill out the 4473 and the seller left it was over the weekend so I picked up the weapons on Monday I have a CCW but on a PPT you still have to do the BGC
 

Kinoons

Obsessed Member
Forum Supporter
2019 Supporter
2020 Supporter
#7
I just did 2 went to the FFL I looked over the weapon in the parking lot paid the seller we both went in and the FFL takes our ID and I fill out the 4473 and the seller left it was over the weekend so I picked up the weapons on Monday I have a CCW but on a PPT you still have to do the BGC
Person to person yes. How about person to FFL to person, and the two people just happen to both live in the same state.
 

GatorJim

Squib Saver
Forum Supporter
2019 Supporter
2020 Supporter
#12
Did a deal today. Afterwards, both buyer and seller waited about 10-15 minutes in a line outside the store to go in.
Once inside Ron walked us through the buyer/seller paperwork. Took about 15 minutes.
IMHO, all and all, not too bad given all the Draconian transfer laws and the fact we are in the middle of a pandemic.
Thanks NFA, good job!