Section 1 3-day waiting period required before receipt of a handgun, with exceptions
“(aa)
“(1) Except as provided in paragraph (2), it shall be unlawful for a person not licensed under this chapter, in or affecting interstate or foreign commerce, to receive a handgun purchased or borrowed from another person not licensed under this chapter unless at least 3 days have elapsed since the recipient most recently offered to so purchase or borrow the handgun.
“(2) Paragraph (1) shall not apply with respect to a handgun loan that meets the conditions of subsection (t)(7).”
“(B)
“(i) in the case of a transfer that is not the purchase of a handgun, or is a handgun loan that meets the conditions of paragraph (7)—
“(I) the system provides the licensee with a unique identification number; or
“(II) 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and
“(ii) in the case of a transfer that is the purchase of a handgun, or is a handgun loan that does not meet the conditions of paragraph (7), 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and”
“(7) A handgun loan meets the conditions of this paragraph if the loan meets the following conditions:
“(A) The borrower is the spouse, domestic partner registered as such under State law, or any of the following relations, whether by consanguinity, adoption, or steprelation, of the lender:
“(i) Parent.
“(ii) Child.
“(iii) Sibling.
“(iv) Grandparent.
“(v) Grandchild.
“(B) The lender has not loaned the handgun to the borrower on more than 5 prior occasions in the calendar year.
“(C) The loan is for any lawful purpose.
“(D) The loan is for a period of not more than 30 days.”