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September 29, 1993
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I have a member asking what the record retention period is after C&R license expiration. My recollection is that you are required to submit your bound book to ATF when you cease collecting activity but I seem to recall that is no longer a requirement although I can’t find any reference to record retention in my ATF notes.
Does anyone have any information on this?
Thanks………
WACA Life Benefactor Member
NRA Life Member
November 1, 2013
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Pretty sure it’s not a requirement now, if it ever was. Few yrs ago, I allowed mine to expire through carelessness, as I hadn’t been using it. Couple of yrs later, decided I wanted it back, but had to re-apply. Never returned my bound book, & no questions were asked.
February 19, 2013
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Once your license expires…..destroy your bound book….That is it.
November 7, 2015
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September 29, 1993
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Mike:
Thanks much! Precisely what I was hoping for…………..
WACA Life Benefactor Member
NRA Life Member
November 7, 2015
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You’re quite welcome, Rick. The FAQ section seemed more user-friendly in the Treasury Department days but the info is still there if you look for it. In a nutshell the BATFE is not terribly concerned with C&R transactions. They know we will obey the applicable laws and keep the required records and the items we collect will not be used in crimes. I think this philosophy will not change with the transition to the Justice Department.
Mike
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