Firearms: restocking fee.

Existing law authorizes the licensing authority of a city, county, or city and county to issue licenses to sell firearms at retail if certain criteria are met, and generally regulates the sale, lease, or transfer of firearms by persons so licensed. Existing law generally prohibits a person purchasing a firearm from recieving the firearm within 10 days of the application to purchase the firearm. Existing law provides for the forfeiture of a license if certain prohibitions or requirements are violated and allows the department to assess a civil fine for a breach of any prohibition or requirement applicable to firearm licenses, as provided. This bill would prohibit a licensee from charging more than 5% of the purchase price of the firearm as a restocking or other return-related fee when the purchase of the firearm, as specified, is canceled by the buyer within 10 days of the application.