Price Precision Parts LLC
Warning letter Revocation warrantedThis gun manufacturer was cited for 2 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.
The licensee was found eligible for revocation. The majority of licensees whose violations merit revocation under ATF guidelines ultimately receive a lesser penalty from an ATF director of industry operations.
Address
11900 Upham St
Broomfield, CO 80020
Broomfield County
License
| Number | 5-84-014-07-9J-05035 |
| Type | Manufacturer of firearms |
| Expiry | Sep 1, 2022 |
Inspection Timeline
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 19 hours conducting this inspection. 136 days passed between the assignment and the final review. The licensee received a final outcome of warning letter.
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DE . Manufacturer Program. 100% inventory verification and 12 months ATF Forms 4473 review is required.
A review of the licensee’s records and business practices revealed the licensee had not been maintaining an acquisition and disposition ( A&D ) record as required by the regulations. The licensee has acquired and disposed of redacted firearms since obtaining the license in 2013. The licensee was cited with violating 27 CFR 478.123(a) and 27 CFR 478.123(d). Per ATF O 5370.1C, failure to maintain an A&D record warrants revocation. However, Investigator redacted recommends a warning letter in lieu of revocation or a warning conference since the licensee timely corrected the violation Defeating an A&D record reflecting all acquisitions and dispositions. Additionally, the licensee acknowledged understanding of the requirement to maintain an A&D record as a manufacturer.
The licensee was cited for failing to create an acquisition and disposition record at all, subsequently failing to record the acquisition and disposition of a mere redacted firearms an an A&D record. Per ATF O 5370.1 C this violation merits revocation as the minimum AA . However, this is the licensee's first compliance inspection since becoming licensed in 2013 and states that they were not aware of the requirement to maintain an A&D record. As such willfullness may be difficult to substantiate. Additionally, the FFL immediately created an A&D record. Furthermore, this is an exceedingly low volume FFL with no traces. As such a warning letter only is appropriate.
An alternate recommendation to issue a warning letter verses holding any warning conference in lieu of revocation is recommended. A recall inspection is not recommended. This is the licensee's first inspection since the license was issued in 2013. The licensee failed to create an acquisition and disposition record ( A & D Record) for the only redacted acquisitions and dispositions of firearms since issuance of the license. This resulted in a 150 percent failure to timely and or correctly recordI the acquisitions and dispositions. (The license only acquired and disposed of two firearms during the inspection period.) The responsible person for the records indicated to the IOI she was simply not aware of the requirement to create and maintain an A & D Record, or the fact she needed to establish a specific record book for the transactions. Note, no other violations were cited for this inspection. The licensee’s failure to create an A & D Record, rises to the revocation level per ATF Order 5370.1 C. The lack of the A & D Record was basically an oversight and was corrected fairly immediately. The responsible person (RP) stated she was not aware a record was required. The traceability of firearms and the public’s safety was not compromised in this case as the licensee has never had a trace request. Revocation of this license will not enhance the public’s safety based on the RP’s failure to record the only redacted firearms received and disposed of into an A & D Record. Further, a warning conference of any kind is not necessary to again explain the two violations which was already corrected upon contact with the lead IOI. Note, a recall inspection is not recommended as the violations were explained during the closing conference and the licensee is aware of the requirements.
Violations
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 2 violations.
| Citation | Description | |
|---|---|---|
| 478.123(a) | Failure by a manufacturer to maintain an accurate record of firearms manufactured or acquired. 🔗 | |
| 478.123(d) | Failure by a manufacturer to maintain an accurate record of dispositions to non-licensees. 🔗 |
Source: Bureau of Alcohol, Tobacco, Firearms and Explosives. About the data »