What happens to your permit if you become a prohibited person? For example, what if your spouse gets a domestic order against you? What dose the licensing authority do?
If that happens most states will revoke your permit. The state will know about it as soon or sooner than NICS does. Plus, you must still fill out the 4473. All I know for sure is that it is 100% legal and approved by the ATF. Lots of states do it.
Montana Code Annotated 2021
TITLE 45. CRIMES
CHAPTER 8. OFFENSES AGAINST PUBLIC ORDER
Part 3. Weapons
Exemption Of Concealed Weapon Permittee From Federal Handgun Purchase Background Check And Waiting Period
45-8-330. (Temporary) Exemption of concealed weapon permittee from federal handgun purchase background check and waiting period. A person possessing a concealed weapon permit is:
(1) considered to have a permit constituting completion of the background check required by 18 U.S.C. 921 through 925A; and
(2) exempt from that act's 5-day waiting period for the purchase of a handgun. (Subsections (1) and (2) terminate contingent on the elimination of federal statutory or case law requirements--sec. 5, Ch. 408, L. 1995.)
I do not understand why you seem to have a problem with it. I get it that you suffer under the rules of a totalitarian state, but, that is your choice.
It is similar to Federal "Gun Free Zones". Those do not apply to me here in Montana. Because, Montana has given its legal citizens a License to do so in order to nullify that federal law.
Montana Code Annotated 2021
TITLE 45. CRIMES
CHAPTER 8. OFFENSES AGAINST PUBLIC ORDER
Part 3. Weapons
Establishment Of Individual Licensure
45-8-360. Establishment of individual licensure. In consideration that the right to keep and bear arms is protected and reserved to the people in Article II, section 12, of the Montana constitution, a person who has not been convicted of a violent, felony crime and who is lawfully able to own or to possess a firearm under the Montana constitution is considered to be individually licensed and verified by the state of Montana within the meaning of the provisions regarding individual licensure and verification in the federal Gun-Free School Zones Act.