First Time NFA Transfer For SOT/FFL, Tutorial Needed

[Nunns Guns]

I had a 01 FFL for a long time.  Then I started brokering some NFA items for a friend.  He lives a long way off.  I never saw the guns, but he sent pics and descriptions and I posted them here.  He doesn't do Internet much.  When a serious buyer expressed interested, I connected the two and they did the transfer.  On a BATFE inspection, the IOI said I need a SOT to do that, so I got one and switched from Type 01 to 07.

 

I did purchase a couple of post-86, no-law-letter SMGs, just to have them, but I have never handled the transfer of a NFA weapon going out.  A few people have asked if I would accept and transfer to them a SBR, suppressor, etc, and I told them it would be my first time, and I would have to get some help, and no one so far has had a NFA weapon shipped to me for transfer.  I guess they figured to find a FFL/SOT with more experience.

 

My main business is helping people liquidate collections, selling on consignment.  I have some guns to sell for a new consignment client.

 

He called yesterday and told me his son is about to be divorced and has some guns he needs to sell.  Some of the guns he mentioned are NFA items.  Short barrel rifles and suppressors.

 

I have no idea what to do with them.  Put them in a NFA-dedicated bound book?   Then, how do I sell them? 

 

I don't find a tutorial on the subject.  My IOI says there isn't one.

 

Can anyone here get me up to speed on the process?

 

My email address is gpd035@sbcglobal.net.  

 

Thanks!

 

 

Edited June 21 by Nunns Guns
Added information.

[United Surplus Arms]

1. get an E-Forms account

2. you don't have to have a separate bound book for NFA items, but many people think it's a good idea 

3. when you buy a NFA item from an individual, it can be transferred to you via (paper) form 4. make 2 copies of page 1, have the transferor (Seller) sign both.  Mail that along with payment to the ATF.  in a month (or 3) it will show up in your E-forms inventory.

4.  if you sell to an individual (in your state), fill out an E-form 4 (as fast as a day or so).  Once approved, also must fill out a 4473

5. if you sell (NFA) to another SOT, transfer it via E-form 3 (takes a day or so for approval).  If you receive a NFA item from another SOT (whether for yourself or a customer), that SOT will transfer it to you via the same method.  Then transfer to in-state buyer via E-form 4

6, to sell to an individual out of state, must transfer to a SOT in the buyer's state of residence (E-form 3),  Then that SOT will transfer it to the buyer via Form 4.  Generally, that SOT will charge a handling fee, which is negotiated between them and the buyer - just like a non-NFA transfer.

7. do not ship or transfer any NFA item until the appropriate ATF form has been approved.  In theory, a NFA item can be sent to a gunsmith (for repair) without a transfer but make sure you are really doing this, and not using it as an excuse to take possession prior to approval.

8.  Mail every NFA item "signature required" and insured (recommendation)

9.  The NFA Handbook is your bible - read it!

https://www.atf.gov/firearms/national-firearms-act-handbook

feel free to PM me if you have more questions 

Jeff

Edited June 22 by United Surplus Arms

[WashingtonCountyGuns]

1 hour ago, United Surplus Arms said:

1. get an E-Forms account

2. you don't have to have a separate bound book for NFA items, but many people think it's a good idea 

3. when you buy a NFA item from an individual, it can be transferred to you via (paper) form 4. make 2 copies of page 1, have the transferor (Seller) sign both.  Mail that along with payment to the ATF.  in a month (or 3) it will show up in your E-forms inventory.

4.  if you sell to an individual (in your state), fill out an E-form 4 (as fast as a day or so).  Once approved, also must fill out a 4473

5. if you sell (NFA) to another SOT, transfer it via E-form 3 (takes a day or so for approval).  If you receive a NFA item from another SOT (whether for yourself or a customer), that SOT will transfer it to you via the same method.  Then transfer to in-state buyer via E-form 4

6, to sell to an individual out of state, must transfer to a SOT in the buyer's state of residence (E-form 3),  Then that SOT will transfer it to the buyer via Form 4.  Generally, that SOT will charge a handling fee, which is negotiated between them and the buyer - just like a non-NFA transfer.

7. do not ship or transfer any NFA item until the appropriate ATF form has been approved.  In theory, a NFA item can be sent to a gunsmith (for repair) without a transfer but make sure you are really doing this, and not using it as an excuse to take possession prior to approval.

8.  Mail every NFA item "signature required" and insured (recommendation)

9.  The NFA Handbook is your bible - read it!

https://www.atf.gov/firearms/national-firearms-act-handbook

feel free to PM me if you have more questions 

Jeff

Nice write-up.  Nothing to add.  

[Nunns Guns]

THANK YOU!!!!