Bruce333
Member
Reading this thread :http://thehighroad.org/showthread.php?t=184638
The CFR seems to say you have to keep records for 20 years:
Why is this so confusing?
Lawyers!:banghead:
EOD Guy said:You have to keep a simple Acquisition and Disposition Record (Bound Book) in which you enter a few facts about the firearm and who sold it to you or to whom you sold it. You maintain it as long as you are licensed. When you no longer renew the license, you can destroy the record if you wish. There is no requirement to keep it or send it to the BATF.
The CFR seems to say you have to keep records for 20 years:
or is this only while your license is valid?[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR478.129]
(e) Records of dealers and collectors under the Act. The records
prepared by licensed dealers and licensed collectors under the Act of
the sale or other disposition of firearms and the corresponding record
of receipt of such firearms shall be retained through December 15, 1988,
after which records of transactions over 20 years of age may be
discarded.
Why is this so confusing?
Lawyers!:banghead: