This. I run into the same thing from time to time. Some folks just don't understand the law. I'm always happy to notarize trusts or CHP applications in the New Orleans area.
41F has been published in the Federal Register as of January 15, 2016. The effective date is July 13, 2016.
https://www.federalregister.gov/articles/2016/01/15/2016-00192/machineguns-destructive-devices-and-certain-other-firearms-background-checks-for-responsible-persons
I suggest not...
Exactly. There are sponsors on here that have cans and other items in stock right now ready for a Form 4 application. An application sent in now will end up "pending" before the new rules take effect.
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That's about it, except I can not see an obligation to notify the ATF or submit new information if you're just changing your trust and not making a new application.
Every trustee will have to supply photos and fingerprints with the first application. However, if you have already submitted...
The rule says anything that is "pending" will be grandfathered in under the old rules. However, there is no definition of "pending" and I suspect it will be a subjective decision. Accordingly, I expect there will be applications sent in towards the end of the 180 days that will not meet the...
The way I look at it, after the 180 days (now 178) you will need to submit photos and fingerprints for each trustee the first time you make an application. After that time the 24 month grace period begins to run.
The benefit of a trust remains that multiple persons can have the authority to possess and use the NFA items in the trust.
After reading the article, I'm not sure why the author suggests transferring the items to yourself individually as each transfer will cost you $200. As I stated before, I...
Your son, as the beneficiary, would not need to submit a photo or fingerprints. As long as your information and trust hasn't changed within 24 months of your last application, you will not need to submit a photo and fingerprints again.
The way I'm reading the rules, I believe the successor trustee would also be considered a responsible party. Although they don't have any authority at the beginning, they could ultimately and, accordingly, would have to submit a photo and fingerprints.
No. "The final rule is not retroactive and therefore the final rule will not apply to applications that are in ‘pending’ status, or to previously approved applications for existing legal entities and trusts holding NFA items." The ATF failed to define what constitutes "pending status", so those...
According to my reading, nothing. The final rule, on page 209, declares, "The Department is not requiring, in this final rule, that new responsible persons submit a Form 5320.23 within 30 days of any change of responsible persons at a trust or legal entity." However, if a new application (Form 1...
Yes, a trust is still the best route. While all trustees will have to submit photos and fingerprints, you will still not have to obtain CLEO sign off. There will be CLEO notification, which appears to be similar to the notification requirement for obtaining a Curio and Relics License. (Note...
This is from the LSP website:
The passage of Act 221 of the 2014 Regular Session of the Louisiana Legislature amends La. R.S. 40:1379.3 to require the Department of Public Safety to conduct a check on every Concealed Handgun Permit applicant through the National Instant Background Check...
The ATF recently commented at the NRA Convention that there will be a big business in fixing the free or cheap fill in the blank trusts down the road. These "cheap and easy" trusts are on the ATF's radar. (I've already repaired trusts for folks that originally obtained them from attorneys who...