1. (a) A dealer may not sell, rent, trade, or transfer from the dealer's inventory a handgun to a person until the dealer has done all of the following:

   1. (1) Obtained from the prospective purchaser a completed and signed Form 4473 as specified in section 3 of this chapter.

   2. (2) Contacted NICS:

      1. (A) by telephone; or

      2. (B) electronically;

         to request a background check on the prospective purchaser.

   3. (3) Received authorization from NICS to transfer the handgun to the prospective purchaser.
2. (b) The dealer shall record the NICS transaction number on Form 4473 and retain Form 4473 for auditing purposes.

As added by P.L.17-1997, SEC.8. Amended by P.L.190-2006, SEC.8.