Andrew T. Schmidt
Gold Exchange & Loan CompanyWarning letter
This gun pawnbroker was cited for 4 violations. The inspection resulted in a warning letter.
A warning letter is the least severe action the ATF can take against a licensee with compliance issues. The letter advises the licensee to comply with regulations.
|Type||Pawnbroker in firearms|
|Expiry||Sep 1, 2022|
Compliance inspections are conducted by one or more ATF officers. After the lead investigator submits a recommendation, one or more ATF supervisors will review the inspection and either concur with or adjust the recommendation.
This page contains information about a single inspection conducted between 2015 and 2017. The ATF may have inspected this licensee before and/or after the inspection detailed here.
Officers spent a total of 53 hours conducting this inspection. 22 days passed between the assignment and the final review. The licensee received a final outcome of warning letter.
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Conduct a DE Firearms Compliance inspection per the IOM of the FFL .
On February 23, 2016, ATF Investigator redacted initiated a firearms compliance inspection on Andrew Schmidt dba Gold Exchange & Loan Company. The inspection covered the period of February 23, 2015 through February 22, 2016; however, all A&D Records were reviewed from the beginning of the business (2013). Four violations were disclosed during this inspection. A closing conference was conducted on February 26, 2016. Advance notification of this inspection was not given. It is recommended that the licensee receive a Warning Letter only with a recall inspection .
WL only, no recall will be conducted.
If an inspection uncovers regulatory violations, the licensee receives a report outlining these violations. This section lists the violations found in the inspection, as well as a general description of each offense. More details on the nature of the licensee's specific violations may be found in the report PDF.
This licensee was cited for 4 violations.
|1||478.125(e)||Failure by a dealer to properly maintain a record of the receipt and disposition of firearms. 🔗|
|2||478.124(c)(3)(i)||Failure to obtain identification from a transferee or document it on Form 4473. 🔗|
|3||478.124(c)(3)(iv)||Failure to record the date NICS was contacted and the NICS response on Form 4473. 🔗|
|4||478.126a||Failure to report the sale of two or more pistols or revolvers to an individual during five consecutive business days. 🔗|
Source: Bureau of Alcohol, Tobacco, Firearms and Explosives. About the data »