Quote Originally Posted by BlasterBob View Post
That sounds right. The 4473 section for the buyer is to be completed for the BGC but if the buyer or seller suddenly decides not to go ahead with the transfer AFTER the BGC "go ahead" is received, I believe the 4473 will still have to stay with the FFL and a notation would be placed on the form indicating the transfer did NOT transpire. Of course the firearm data/information would NOT be entered in the bound book since the transfer did not take place. A person would think the CBI and the BATFE would QUICKLY get together to issue a bulletin to all FFL containing some easy to understand guidelines to be followed. I can't understand why these two Government entities have to do so damn much foot dragging when the FFL's merely want some assistance in making certain that they are acting in compliance with the new law.??
On a cancelled transfer the 4473 has to be kept for 5 years.