When inventory regulated by the GCA or NFA physically changes possession, this transfer must be recorded in FastBound. Depending on the type of your FFL, there are different time limits before the disposition must be recorded in FastBound.
Creating a pending disposition, attaching a contact, adding items, and committing the disposition are the basic steps necessary to dispose items using FastBound. Until committed, the items referenced on a pending disposition are not disposed and are still considered in your inventory.
The process for transferring items (also known as disposing items) consists of these basic steps:
FastBound also has an API method for creating a disposition, attaching or adding a contact, adding items, and committing the disposition, all in a single request.
Committing Pending Dispositions
Integrated software applications may commit a pending disposition only after confirming that the items have left the premises (i.e., in possession of the transferee, picked up by a shipping/transport company, etc.) Committing a disposition must never be inferred from a payment or inventory transaction without positive confirmation from a human.
NFA Transactions & Jurisdictions With Waiting Periods
For NFA transactions and in jurisdictions where there is a waiting period, FastBound strongly recommends adding items to a pending disposition as this prevents the firearm from being disposed to another contact.
Recalling Form 4473
Integrated software applications can recall a Form 4473 from FastBound, including its related, underlying disposition.