
I have recieved the forms for a C&R license which took 8 weeks. Does anyone on the forum have first hand information about C&R? Do I give up any rights to the Feds?

Moderator: carlson1
That about covers the down sides.BobCat wrote:See http://www.cruffler.com/" onclick="window.open(this.href);return false; for all your C&R answers.
I have no direct experience and so cannot comment, but many people have said that the only drawback to having a Type 03 FFL (C&R FFL) is that you run out of space for more guns, and run out of money for more guns. Ok, that's two drawbacks.
Regards,
Andrew
I just renewed, but the application stated that if I weren't renewing I had 30 days to mail them my records.Weg wrote:However, once I let it expire and found out I was under no obligation to return my boundbook to the ATF it really waas no big issue.
Q: Are licensed collectors required to turn in their acquisition/disposition records to ATF if their collector’s license is not renewed or they discontinue their collecting activity?
No. The GCA requires the delivery of required records to the Government within 30 days after a firearms “business” is discontinued. A license as a collector of curios or relics does not authorize any business with respect to firearms. Therefore, the records required to be kept by licensed collectors under the law and regulations are not business records and are not required to be turned in to ATF when collectors’ licenses are not renewed or collecting activity under such licenses is discontinued.
[18 U.S.C. 923(g)(4), 27 CFR 478.127]
You have to log everything acquired or disposed of while licensed, so whether or not you "used" your license doesn't matter.Weg wrote:The only thing I thought was odd about it was that you had to list all C/R guns in your boundbook regardless of whether you used your c/r to obtain them.
If I'm understanding you correctly, you're saying that I would need to log everything? If I buy a Glock while licensed, I'd have to log it?chabouk wrote:You have to log everything acquired or disposed of while licensed, so whether or not you "used" your license doesn't matter.Weg wrote:The only thing I thought was odd about it was that you had to list all C/R guns in your boundbook regardless of whether you used your c/r to obtain them.