12

When it goes wrong

False statements, seizures, and forfeiture close the loop on what a license was protecting all along — and the last obligation in the book arrives on the day the business ends.

In this chapter

• +What a false statement in a record costs, and why the record is the exposure
• +How firearms are seized and forfeited, under the Gun Control Act and under the NFA
• +The relief the law allows, and the final duty a closing licensee owes