Has anyone here really closely read and understood the new BGC law and interpret it the same way I do? I believe the new law does NOT actually require the TRANSFERS to be made via FFL but ONLY the required BGC via FFL. The way I read the new BGC law, is that it is NOT necessary for the transfer to go through a FFL once the BGC is received providing the firearm is NOT actually relinquished to the FFL for him/her to enter into their bound book. If the firearm IS actually relinquished to the FFL, then the normal transfer with 4473's must be completed. Appears the FFL, after getting the "OK" on the BGC from CBI and the fee is collected, is supposed to give both the buyer and the seller some sort of document which indicates that the BGC has been made and actually passed with an "OK" from CBI. After that, apparently the seller may decide to NOT have the FFL do the transfer after all and he CAN get his firearm back as long as it has NOT been relinquished to the FFL and is still in his actual possession. If the decision is made to not have the FFL do the transfer, it then appears the transaction may be made directly between buyer and seller (within all applicable laws) as long as it is accomplished within the time period allowed for the BGC to apply .
I am no Attorney and my wording above certainly shows that to be very true and I am certainly NOT attempting to stir up a pile of but this is just the way I understand the new law.