Form 4 to another individual in state


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Brockak47
January 23, 2013, 01:41 PM
I am purchasing a M11-9 with suppressor it is on a form 4 in state about 2 hours away from me.

How do I do it? Do I pay him and wait for my form 4 to go through and then take possession?

Because it requires 2 stamps i don't want to go through a class 3 dealer because then I have to pay 4 stamps total right? 2 to transfer from seller to dealer 2 to transfer from dealer to me?


How do I go about paying this guy who I don't really know at all and trust him to hold onto the gun for however long it takes my paperwork?
What if he were to pass [god forbid] before it transferred to me?



Also does it make my wait time much longer if I were to go through seller to dealer and dealer to me?

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AlexanderA
January 23, 2013, 03:55 PM
The payment arrangements are between you and the seller. He might insist on getting the full price up front, or he might go for half down now and half on delivery. It's a matter of negotiation. If you give him a substantial amount of money, you should be able to insist that he give you all the parts except the registered receiver and suppressor. This would prevent him from shooting the hell out of the gun while awaiting the transfer approval.

You are right that if it's within your state, you don't have to go through a dealer. This is a direct individual-to-individual transfer of two items (the gun and the suppressor) requiring two stamps. And yes, it would take longer if you went through a dealer (and cost you $400 more in stamps, plus the dealer transfer fee).

You could look into some sort of escrow arrangement at a bank if you don't trust the seller with your money.

Brockak47
January 23, 2013, 04:33 PM
The payment arrangements are between you and the seller. He might insist on getting the full price up front, or he might go for half down now and half on delivery. It's a matter of negotiation. If you give him a substantial amount of money, you should be able to insist that he give you all the parts except the registered receiver and suppressor. This would prevent him from shooting the hell out of the gun while awaiting the transfer approval.

You are right that if it's within your state, you don't have to go through a dealer. This is a direct individual-to-individual transfer of two items (the gun and the suppressor) requiring two stamps. And yes, it would take longer if you went through a dealer (and cost you $400 more in stamps, plus the dealer transfer fee).

You could look into some sort of escrow arrangement at a bank if you don't trust the seller with your money.
It's not that I don't trust him, it's just that I don't know him.

Also he's an older gentleman (what if he were to pass in the middle of all this?)

AlexanderA
January 23, 2013, 09:03 PM
Have him execute a notarized contract specifying all the details of the transaction. That way you would have a verifiable claim against his estate if he should pass on before the transfer is approved.

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