Source: Toronjo And Prosser Law Blog

Toronjo And Prosser Law Blog 41(F) and You

41(f) And You! What do you need to know and how does it affect you?As you are most likely aware the ATF proposed a rule change in 2013 to close the "Trust loophole" for NFA transfers. This proposed change would require all "responsible parties" to the legal entity, Trusts, corporations, LLC's etc to comply with the CLEO certification requirements and submit identifying information, ie. Fingerprints and photographs, with each form submission.Well the Final Rule has [...]

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