Augustwest wrote:
mbdolfin wrote:
but just remember that you will be opening your home up to inspections from the atf and state police so don't use it to buy a firearm. all of your firearms that you have accumulated before you received your CR license must be put in your bound book.
While this may be true for 03FFLs in NJ, it's not true at the Federal level.
Just to clarify, for anyone who reads this thread:
From a Federal perspective, NOT New Jersey, here is how it works:
1. The BATFE has the right to do an Annual (that's once per year) inspection of your C&R firearms (ONLY!) and your Bound Book. It is YOUR option to choose to have this inspection at the nearest BATFE Office, INSTEAD of your home.
2. If the BATFE wants to come into your home to inspect anything, they have to get a Warrant from a Federal Judge. (Really, it is one of their 2 options, the Annual Inspection at their office being the other.)
3. You must Log in to the Bound Book any C&R firearms you acquire while you hold the FFL, even if you bought them at a regular store with a 4473 and NICS check.
4. You must Log out any C&R firearms you Sell while you hold your FFL. If it was a firearm that you owned PRIOR to getting your C&R FFL, then you log it in, and right back out. Otherwise, C&R firearms you owned PRIOR to getting your C&R FFL do NOT have to be logged in to your Bound Book. (Though it is recommended so that you don't overlook the whole 'Log them out' portion when you sell one.)
Oh, and the vast majority (>95%) of C&R FFL holder's NEVER have any inspections with the BATFE at all. EVER.
Futuristic