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Bureau of Alcohol, Tobacco, Firearms and Explosives

How much time does a dealer have to record acquisitions and dispositions of firearms in his or her "bound book?"

Generally, licensees have to enter the acquisition or purchase of a firearm by the close of the next business day after the acquisition or purchase and shall record sales or other dispositions within 7 days.

However, if commercial records containing the required information are available for inspection and are separate from other commercial documents, dealers have 7 days from the time of receipt to record the receipt in the “bound book.”

If a disposition is made before the acquisition has been entered in the “bound book,&rdquo the acquisition entry must be made at the same time as the disposition entry.

[27 CFR 478.125]