[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR479.86]

[Page 185]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
   CHAPTER II--BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES, 
                          DEPARTMENT OF JUSTICE
 
PART 479--MACHINE GUNS, DESTRUCTIVE DEVICES, AND CERTAIN OTHER FIREARMS--Table of Contents
 
                         Subpart F--Transfer Tax
 
Sec. 479.86  Action on application.

    The Director will consider a completed and properly executed 
application, Form 4 (Firearms), to transfer a firearm. If the 
application is approved, the Director will affix the appropriate 
National Firearms Act stamp, cancel it, and return the original 
application showing approval to the transferor who may then transfer the 
firearm to the transferee along with the approved application. The 
approval of an application, Form 4 (Firearms), by the Director will 
effectuate registration of the firearm to the transferee. The transferee 
shall not take possession of a firearm until the application, Form 4 
(Firearms), for the transfer filed by the transferor has been approved 
by the Director and registration of the firearm is effectuated to the 
transferee. The transferee shall retain the approved application as 
proof that the firearm described therein is registered to the 
transferee, and shall make the approved Form 4 (Firearms) available to 
any ATF officer on request. If the application, Form 4 (Firearms), to 
transfer a firearm is disapproved by the Director, the original 
application and the remittance for purchase of the stamp will be 
returned to the transferor with reasons for the disapproval stated on 
the application. An application, Form 4 (Firearms), to transfer a 
firearm shall be denied if the transfer, receipt, or possession of a 
firearm would place the transferee in violation of law. In addition to 
any other records checks that may be conducted to determine whether the 
transfer, receipt, or possession of a firearm would place the transferee 
in violation of law, the Director shall contact the National Instant 
Criminal Background Check System.

[T.D. ATF-270, 53 FR 10509, Mar. 31, 1988, as amended by T.D. ATF-415, 
63 FR 58281, Oct. 29, 1998]