There a different types of FFL to choose from. Make sure you understand which FFL type is best for you.
The ATF just released their report of FFL firearm thefts and losses from 2016.
The ATF report shows that Federal Firearms Licensees (FFLs) reported the following in 2016:
Compared to the ATF’s 2015 Theft/Loss report, that’s a 124% increase in the total firearms reported lost/stolen (14,800 in 2015), a 150% increase in the number of firearms stolen (6,163 in 2015), and a 105% increase in the number of firearms lost (8,637 in 2015).
Here’s a chart showing the breakdown of reports by category of firearm and type of report:
Under federal firearms laws and ATF rules and regulations, Federal Firearms Licensees (FFLs) are required to report the theft or loss of a firearm within 48 hours of determining that the firearm was lost or stolen. There is a specific process that must be followed – not only in making the report properly but also in ensuring that the FFL’s records are updated to properly reflect that the report has been made so that they aren’t cited with a violation of the Gun Control Act (GCA) during their next ATF compliance inspection. If you’re curious about these requirements, consider taking our course on ATF Firearms Compliance. In that course, we also explain how to avoid potential problems with local law enforcement if there’s no reason to believe that criminal activity occurred (i.e. truly lost instead of stolen).
[bctt tweet=”An FFL only has 48 hours to report a firearm they’ve determined to be lost or stolen.” username=”rocketffl”]
The ATF report also included data on the number and type of reports by state.
Here’s some charts showing the breakdown of reports by state and type of report:
In their report, ATF added the following info:
The ATF has been publishing similar reports since 2012. For a comparison of the total number of firearms reported lost or stolen by FFLs each year along with a break-down between how many were lost vs. stolen, see the below graph.
When you’re trying to decide whether you should get a federal firearms license (FFL), one of the things you may wonder about is how long it’s going to take the ATF to approve your FFL application, and give you a federal firearms license. This is a fair concern, especially when dealing with the ATF. After […]
Contrary to popular belief, getting a home based FFL is perfectly legal, easy to do, and very common. Unfortunately, there are many myths about getting a home based FFL from the BATF. Myth #1: The ATF doesn’t allow home-based federal firearms licenses. You can absolutely be an FFL dealer as a home-based business. Myth #2: […]