No.
922(aa) says it's unlawful to possess a firearm or ammunition unless... you have a license and the gun is registered. Penalty for this is no less than $75,000 and no more than $150,000, not less than 15 years in prison and not more than 25 years, or both.
If you don't have the mandatory insurance policy, it's $50-$100k, 10-20 years, or both.
If it's is not your gun the owner needed to have informed the attorney general of the loan. It's not clear if that is the AG of the US or your state AG.
The big one is if you transfer a firearm to someone under 18 and it is used in a crime, unintentional shooting or suicide. $100-$150k, 25-40 years, or both.




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