So many things need attention on this thread. First, a C&R FFL is renewed every three years for $30. Other things one should know before getting an 03-FFL are covered below.
A licensed dealer is an 01-FFL. A C&R or 03-FFL cannot be a dealer. Many sellers say they need to ship to a licensed dealer, not knowing it eliminates the C&R license holders. I have contacted many sellers who will tell you a C&R is OK, not realizing their instructions for sale exclude them. Very few sellers will ban a C&R FFL from buying qualifying guns.
You do not send you log book back to the BATFE when you give up your license and do not have to keep it either. I find the log book quite helpful as a complete listing of firearms I have purchased.
THe USPS will not honor a C&R FFL for shipping handguns. It is not totally clear that the post office will accept long guns that qualify as C&Rs and you will get different answers from every local post office on the subject.
Renewal documents are sent every 3 years to the C&R holder and
I have never been asked how many transactions I have conducted. CORRECTION: The form does need the number of transactions entered for the previous three years.
The application process is simple, the activities required to maintain your log book are not time consuming, and nobody ever sees them unless you are caught up in an illegal action. There are a couple statements that need consideration. They relate to the fact that the BATFE acknowledges the need to follow state laws as well ad their regulations. Excerpt is below:
Bottom line is that you can avoid the hassle of finding or using an FFL for firearms that are over 50 years old. Also, as regulations continue to tighten on Gun Show purchases, a C&R FFL is a great way to avoid upcoming state and local initiatives trying to limit purchases at these events. Besides all the advantages at the purchase point, you get your gun delivered to your door!
I make multiple C&R purchases each year and almost all qualify for C&R so I save time and lots of money not having to deal with 01-FFLs. Sellers are more likely to take your offers knowing there is no paperwork required, especially at gun shows where they are always busy. Now that $30 FFL transfer charges and more is reality of the times. Two purchases s year becomes a $60 savings, so one is $30 to the good. Buy more and save more.