When the transferor physically transfers an item to the transferee, it must be disposed of in FastBound.
Depending on your FFL Type, there may be different requirements on how much time you have before disposed items must be updated in FastBound.
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.
Creating a pending disposition, attaching a contact, adding items, and then committing the disposition are the basic steps necessary to log items out of a bound book.
Note: Committing a disposition disposes the items from the FFL’s A&D record. Until a disposition is committed, items will still appear in the FFL’s inventory.