Dave K, the ATF info you cited applies to "acquisition," "purchase," and "disposition" of a firearm. But, the issue that started this thread is a transfer in which the FFL does not acquire, purchase, or dispose of the gun (not under any reasonable definition of those terms), so do those regs actually apply in this case? The requirement to record by the close of the next business day is sort of consistent with what I had understood from my FFL (i.e., book it within 24 hours of receipt), but is inconsistent with Hugh Lomas' understanding. It appears that a lot of us are confused (not pointing any fingers here).