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ATF Form 4473, October 2016 revision. A Firearms Transaction Record, or ATF Form 4473, is a seven-page form prescribed by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) required to be completed when a person proposes to purchase a firearm from a Federal Firearms License (FFL) holder, such as a gun dealer.
Firearm tracing starts at the manufacturer or importer and typically ends at the first private sale regardless if the private seller later sells to an FFL or uses an FFL for background checks. [58] A 1997 report by the National Institute of Justice stated that fewer than 2% of convicted criminals bought their firearm at a flea market or gun show.
However as an FFL holder, the seller is required to keep a record of the transaction. Access to NICS is limited to FFL holders. A prospective buyer is required to complete ATF Form 4473, after which an FFL seller initiates a NICS background check by phone or computer. Most checks are determined within minutes and if a determination is not ...
Here, some things to know about the form and related weapons charges: THE PAPERWORK . The Firearms Transaction Record, also known as ATF Form 4473, is essentially an application to buy a gun from a licensed dealer. It’s used for a quick background check to make sure the buyer isn’t legally prohibited from owning a weapon.
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The federal firearms license was established to and implement the Gun Control Act of 1968.The 1968 act was an update or revision of the Federal Firearms Act of 1938 (FFA), which required all manufacturers and dealers of firearms who ship or receive firearms or ammunition in interstate or foreign commerce to have a license, and forbade them from transferring any firearm or most ammunition to ...