NFA sales from individual to individual?

Form 4, application for tax-paid transfer and registration.

You would be the transferor, and buyer would be the transferee.

The transferee is the one who needs the LEO certification and answers the list of questions (are you a fugitive, are you addicted to drugs, etc). The Transferor (You) hopefully matches the name in the NFA database.

 

This is true. I've transferred a number of things individual to individual. No dealer needed in state. The best FTF transactions are when stamps come back and you pick up your new MG at a Quik Trip.



Rob

 

So, if you are the one buying from an individual, do you still have to wait the 60 or 90 days for the turn around like you would if you bought it from a Dealer? I'm a little unclear about that one. Whats the process besides just Form 4.

 

The process is the same except for the involvement of the dealer. The wait is the same.


Rob

 

I've done this once as the seller. It's easy to do and saves time and money for the buyer.

 

Basically, the buyer has to go thru all the same steps that you had to go thru when you were the buyer.

Difference is that when the forms come back, you guys meet up and you hand over the MG. or you mail it to them.

The buyer has to get the CLEO sign off, fingerprints, photo and citizenship form (unless they are an FFL holder). Someone has to write a check for 200 bucks and someone has to send it in.

Wait time is about the same as any other transaction. LOONNNGGGG.

Dave

 

The buyer can also still do the trust route

 

Oh hell no! Never sell a machine gun unles buying another machine gun!!!!!