Quote Originally Posted by BlasterBob View Post
This may very well just fine with the CBI but I believe the Feds require the firearm to be entered in the received column of their BOOK prior to making the phone or computer check and if the transfer is rejected by CBI, the firearm would be returned to the seller only AFTER he completes a 4473 and his back ground check is completed.
You bring up a good point but I believe that the FFL licensee has until the end of the day to input the firearm into his Bound Book which would mean that you don't necessarily have to "accept" the firearm into your inventory prior to running the CBI check.