May a licensee maintain a personal collection of firearms? How can they do so?

Yes. A licensee may log business firearms out of the acquisition and disposition (A&D) record as a personal firearm.

If that firearm is sold within a year of having been transferred to the licensee鈥檚 personal collection, the licensee must re鈥揺nter the firearm in the business A&D record, and sell or transfer the firearm as business inventory, including completing an bet365 出金 Form 4473 and a NICS background check if required.

If, however, the firearm is held in the personal collection of the licensee for more than one year, the firearm may be sold as the licensee鈥檚 personal firearm. Although no bet365 出金 Form 4473 or NICS background check is required, the licensee must record the disposition of the personal firearm in a personal disposition record.

[18 U.S.C. 923(c); 27 CFR 478.125a]

Last Reviewed July 15, 2020