The New Mexico Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part I is a critical document in the firearm sales process within the state of New Mexico. It is used to ensure that businesses involved in over-the-counter transactions have a clear understanding of the regulations and responsibilities associated with the use and possession of firearms. Here is a detailed description of this important form: The New Mexico Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part I is a legal statement that businesses engaged in firearm sales must complete. It serves as an acknowledgment that the business has thoroughly reviewed and understands the relevant laws and requirements surrounding the use and possession of firearms in the state of New Mexico. By completing this statement, businesses indicate that they are familiar with the regulations governing the sale of firearms, such as background checks, record-keeping, and reporting requirements. It is crucial for businesses to accurately and honestly complete this form to ensure compliance with state and federal laws. The statement outlines specific details that the business must address. These details may include: 1. Business Information: The form begins with general details about the business, including its name, address, and federal firearms license (FFL) number. This information verifies the identity and legality of the business. 2. Understanding Firearm Laws: The statement then requires the business to affirm that it has thoroughly reviewed the applicable federal and state laws pertaining to the purchase, sale, and possession of firearms. This demonstrates the business's commitment to acting in accordance with the law and conducting responsible transactions. 3. Complying with ATF Regulations: The statement also confirms that the business understands and adheres to the regulations set forth by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). This includes compliance with ATF Form 4473, which is used to conduct background checks on prospective firearm purchasers. 4. Ensuring Proper Use and Possession: The statement further asserts that the business acknowledges its role in preventing the sale or transfer of firearms to prohibited individuals such as convicted felons, those with domestic violence convictions, fugitives, or individuals with a history of mental illness. It affirms the business's commitment to conducting thorough background checks to ensure the responsible use and possession of firearms. Different types or variations of the New Mexico Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part I may exist as updates or revisions are made to reflect changes in firearm regulations or state-specific requirements. However, the core purpose and content of the form should remain consistent — ensuring that businesses understand and comply with the applicable laws and regulations surrounding firearm sales in New Mexico.