also, joe the mechanic has family member w / LTC's - he can "at any time" transfer them to a FFL or person w / FID or LTC. so unless joe the mechanic is a hermit, i'd think he (she) has options... no?
I'll give you an example Chet..
An FFL friend of mine has a friend who got busted for DD (I think+ some other things) No assault of anything,but something that could be beaten in court.Hhe has an extensive collection(NM M1's,M1A's,M1D's..about 15 pages of stuff listed) I read the list and got sexually excited,seriously,it was that good..at LEAST $60K of collector type rifles.The M1D that I seen,in that shape was worth at least $4K alone..
This FFL had to go rescue them from this guys wife's house(she didn't have an LTC) before they went to this bonded warehouse.I think there were somewhere around 50 guns,and at $80 a pop before storage fees(which at 50 guns is $25.00 a day),you are looking at a nice chunk of cash,which of course his wife or himself couldn't afford to bail out when the time came..So he "rescued" the guns before Dowd could get them.
*Some of the details of this story may not be 100% correct in regards to the amount of guns(it was a lot,it might have been more than 50) The crime that this guy was accused of I remember as being able to be beat in court,and any other state the rifles wouldn't have been taken in the first place,it wasn't any felony charges,the chief just revoked his license.
Joe The Mechanic does have options. He can transfer them to anybody (friend, relative, another dealer, etc) as soon as he comes up with Dowd's money. If Dowd's got ten of his guns for four days, he can spend $45+10X4X$.50+10x$20 (or $265) and get them out. If he waits, he's got to keep paying the vig.
I think the storage fees are due every month,otherwise he sells the guns,correct ?
I read that differently. I read his price list as (10*$45)+(10*(4*$.50))+10*$20 = $670.
I'm pretty sure it is $80 a gun for admin fees,then $.50 a day,per gun storage.i can't tell whether that 445 fee is per incident,or per gun...but it doesn't really matter when he can charge whatever the hell he deems appropriate.
* 50¢ per item - per day.
* Storage fees are payable, in full, every 30 days.
* Handling fee $15 per item for pickup, electronic processing, and packaging.
* Disposition fee - $20 per item handling and processing fee.
* Administration fee - $45 covers the cost of certified mail, bookkeeping, and other administrative costs.
* Firearms may be sold at auction to satisfy unpaid administrative, storage and disposition fees after proper notice to the gun owner (per Mass. General Laws).
Payments
All storage, disposition and administrative fees must be paid in full before firearms will be released. Inventory must be transferred in its entirety. No partial releases.