deadin
US Veteran
So you are contending that the receiving FFL doesn't log it into his book until the actual change of ownership occurs?True as far as you go but a shipped gun intended for another recipient has not been transferred until it transfers ownership with the filling out of a 4473 and the receipt by the purchaser as the FFL is not a party to the sale. If that doesn't happen then no transfer has taken place and the firearm may be returned to the owner directly. A consignment is not analogous as in that case the owner IS transferring the firearm to the dealer for him to sell and it is specifically covered in ATF regulations.
I'm pretty sure the ATF would find this very interesting if they were performing an audit while the licensee had a bunch of guns in-house that weren't in his book. (Either A&D or Repair)
When the receiving FFL enters the gun into his book a "transfer" has occurred. The FFL does not need to fill out a 4473 for every gun they receive. Their book and the power of their license covers that. When they transfer the gun to the new owner, be it another FFL or a private person(requiring a 4473), they need to log it out of their book. If he doesn't have the gun in his book, how is he supposed to log it out?