WHAT IS A TRANSFER?
A transfer is a transaction, conducted by the FFL (Federal Firearms Licensee), that documents the transfer of ownership, possession, and liability of a firearm from one individual to another. This term and the various derivatives thereof include selling, assigning, pledging, leasing, loaning, giving away, or otherwise disposing of firearms.
- Provides a ownership record for Law Enforcement.
- Acts as screening process to prevent criminals or criminal organizations from obtaining firearms.
- Provides a "cooling off" period for customers.
- Ensures that customers have some basic firearms safety knowledge.