27 CFR 478.126 Furnishing Transaction Information

§ 478.126

27 CFR Ch. II (4–1–20 Edition)
Multiple Sale or Other Disposition of
Pistols and Revolvers. Not later than
the close of business on the day that
the multiple sale or other disposition
occurs, the licensee shall forward two
copies of Form 3310.4 to the ATF office
specified thereon and one copy to the
State police or to the local law enforcement agency in which the sale or
other disposition took place. Where the
State or local law enforcement officials
have notified the licensee that a particular official has been designated to
receive Forms 3310.4, the licensee shall
forward such forms to that designated
official. The licensee shall retain one
copy of Form 3310.4 and attach it to the
firearms transaction record, Form 4473,
executed upon delivery of the pistols or
revolvers.

§ 478.126 Furnishing transaction information.
(a) Each licensee shall, when required
by letter issued by the Director of Industry Operations, and until notified to
the contrary in writing by such officer,
submit on Form 5300.5, Report of Firearms Transactions, for the periods and
at the times specified in the letter
issued by the Director of Industry Operations, all record information required by this subpart, or such lesser
record information as the Director of
Industry Operations in his letter may
specify.
(b) The Director of Industry Operations may authorize the information
to be submitted in a manner other than
that prescribed in paragraph (a) of this
section when it is shown by a licensee
that an alternate method of reporting
is reasonably necessary and will not
unduly hinder the effective administration of this part. A licensee who proposes to use an alternate method of reporting shall submit a letter application, in duplicate, to the Director of Industry Operations and shall describe
the proposed alternate method of reporting and the need therefor. An alternate method of reporting shall not
be employed by the licensee until approval in such regard is received from
the Director of Industry Operations.

Example. 1. A licensee sells a pistol and revolver in a single transaction to an unlicensed person. This is a multiple sale and
must be reported not later than the close of
business on the date of the transaction.
Example. 2. A licensee sells a pistol on Monday and sells a revolver on the following Friday to the same unlicensed person. This is a
multiple sale and must be reported not later
than the close of business on Friday. If the
licensee sells the same unlicensed person another pistol or revolver on the following
Monday, this would constitute an additional
multiple sale and must also be reported.
Example 3. A licensee maintaining business
hours on Monday through Saturday sells a
revolver to an unlicensed person on Monday
and sells another revolver to the same person on the following Saturday. This does not
constitute a multiple sale and need not be
reported since the sales did not occur during
five consecutive business days.

(Approved by the Office of Management and
Budget under control number 1140–0032)

kpayne on VMOFRWIN702 with $$_JOB

[33 FR 18555, Dec. 14, 1968. Redesignated at 40
FR 16835, Apr. 15, 1975, and amended by T.D.
ATF–172, 49 FR 14942, Apr. 16, 1984; ATF–11F,
73 FR 57242, Oct. 2, 2008; ATF 2013R–9F, 79 FR
46692, Aug. 11, 2014]

(Approved by the Office of Management and
Budget under control number 1140–0003)

§ 478.126a Reporting multiple sales or
other disposition of pistols and revolvers.
Each licensee shall prepare a report
of multiple sales or other disposition
whenever the licensee sells or otherwise disposes of, at one time or during
any five consecutive business days, two
or more pistols, or revolvers, or any
combination of pistols and revolvers
totaling two or more, to an unlicensed
person: Provided, That a report need
not be made where pistols or revolvers,
or any combination thereof, are returned to the same person from whom
they were received. The report shall be
prepared on Form 3310.4, Report of

[T.D. ATF–16, 40 FR 19202, May 2, 1975, as
amended by T.D. ATF–172, 49 FR 14942, Apr.
16, 1984; T.D. ATF–270, 53 FR 10505, Mar. 31,
1988; T.D. ATF–354, 59 FR 7113, Feb. 14, 1994;
T.D. ATF–361, 60 FR 10787, Feb. 27, 1995; ATF–
11F, 73 FR 57242, Oct. 2, 2008]

§ 478.127 Discontinuance of business.
Where a licensed business is discontinued and succeeded by a new licensee,
the records prescribed by this subpart
shall appropriately reflect such facts
and shall be delivered to the successor.
Where discontinuance of the business is
absolute, the records shall be delivered
within 30 days following the business
discontinuance to the ATF Out-of-

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