Quote Originally Posted by BlasterBob View Post
Sure but the seller can hold on to the firearm while the FFL just observes the serial number, thereby NOT relinquishing ownership. I believe the latest BATFE bulletin (ATF Proc.2013-1) pretty well covers most of this crap.
This ATF Proc. 2013-1 bulletin covers "Recordkeeping and background check procedures for facilitation of private firearms transfers".

I Found it interesting that the FFL must supply a "locking device" for all handguns transferred.

one more fucking hoop to jump thru...... and added cost to the FFL