The first obligation of a new licensee is to read the license. On receipt, each licensee shall examine it to ensure the information on it is accurate — a duty stated in the regulation itself rather than left to good practice, and one that assumes a licensee knows what the license ought to say. Everything downstream depends on it: the address that fixes the licensed premises, the class of business that bounds what may lawfully be done, and the name the license is held in.

If the license is incorrect, the licensee returns it to the Chief of the Federal Firearms Licensing Center with a statement showing the nature of the error. What happens next depends entirely on where the error came from, and the two paths are not equivalent. If the mistake was made in the Chief’s office, the Chief corrects it and returns the license — a clerical round trip. If the error resulted from information contained in the licensee’s own application, the Chief requires an amended application setting out the correct information, together with a statement explaining the error in the original. The licensee’s own mistake costs an amended application; the office’s mistake costs an envelope.

That asymmetry is worth understanding before the license arrives rather than after. It means the accuracy of Form 7 is not merely a condition of getting the license — it determines how expensive a later correction becomes. It also means a licensee who notices an error and does nothing is holding a license they have been told, by regulation, to check. The obligation is to examine and to act; there is no version of this where an inaccurate license is simply the office’s problem.