In the example we have been using, the financier is *NEVER* the "actual
transferee/buyer" because HE never takes possession of the gun or fills out
a Form 4473.  Only the intended transferee does that.  The gun goes from
selling transferor's/owner (to seller's FFL, if one is used) to
transferee's FFL *then* to the TRUE "transferee/buyer".  The
finder/financier is not in the chain of transfers.

Seller's FFL (if used) books the gun out *to* the buyer's FFL.  Perfectly
legal.  Otherwise the owner/transferee ships it directly to the
buyer/transferee's FFL -- also a perfectly legal transaction.  Buyer's FFL
books the gun *into HIS inventory* (Bound Book).  *Then* he books it out *to
* the ACTUAL transferee/buyer.  *Not to the finder/financier.*  Prefectly
legal.

The financier is at best a finder OOH and a banker OTOH.  All records are
accurate.

This is not the hypothethical transaction that the Q and A was written for
but it fits.



On Fri, May 10, 2013 at 11:55 AM, Ed. Lott <[email protected]> wrote:

>  *Question ( 11 a.) on ATF Form 4473 (Firearms Transaction Record Part I
> - Over-the-Counter) says:
>
> *Are you the actual transferee/buyer of the firearm(s) listed on this
> form? (YES or NO) Warning: You are not the actual buyer if you are
> acquiring the firearm(s) on behalf of another person. If you are not the
> actual buyer, the dealer cannot transfer the firearm(s) to you. (See
> instructions for question 11. a.) ........
>
> *The instructions for question 11. a. say:
>
> *Actual Transferee/Buyer: For purposes of this form, you are the actual
> transferee/buyer if you are purchasing thwe firearm for yourself or
> otherwise acquiring the firearm for yourself. (e.g., redeeming the firearm
> from pawn/retrieving it from consignment, firearm raffle winner). You are
> also the actual transferee/buyer if you are legitimately purchasing the
> firearm as a gift for a third party. ACTUAL TRANSFEREE/BUYER EXAMPLES: Mr.
> Smith asks Mr. Jones to purchase a firearm for Mr. Smith. Mr. Smith gives
> Mr. Jones the money for the firearm. Mr. Jones is NOT THE ACTUAL
> TRANSFEREE/BUYER of the firearm and must answer "NO" to question 11. a. The
> licensee may not transfer the firearm to Mr. Jones. However if Mr. Brown
> goes to buy a firearm with his own money to give to Mr. Black as a present,
> Mr. Brown is the actual transferee/buyer of the firearm and should answer
> "YES" to question 11. a. However you may not transfer a firearm to any
> person that you know or have reason to believe is prohibited under U.S.C.
> 18 (g), (n), or (x).
>
> -----------------
>
> *From the above I draw the following conclusions:
>
> *1. **     **You CAN buy a firearm for yourself (providing you are not a
> prohibited person)
>
> 2.**      **You CAN buy a firearm as a GIFT for anyone (wife, husband,
> friend) as long as the recipient is not a prohibited person.
>
> 3.**      **You CAN NOT take money from another person to buy a firearm
> for that person.
>
> 4.**      **Prohibited persons are defined by U.S.C. 18 (g), (n), or (x).
>
> Although not directly from the above; a "Straw Purchase" of a firearm is
> the purchase of a firearm by a person who meets the legal requirements to
> purchase a firearm; who gives or sells that firearm to a prohibited person
> as defined by U.S.C. 18 (g), (n), or (x).
>
> Ed. Lott
>
>
>
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-- 
**************************************************************************************************************
Professor Joseph Olson, J.D.(*Hon*. Duke), LL.M.(*Tax*. Florida)
               o    651-523-2142
Hamline University School of Law (MS-D2037)
                    f     651-523-2236
St. Paul, MN  55113-1235
                                     c    612-865-7956
[email protected]
http://law.hamline.edu/constitutional_law/joseph_olson.html
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