Summary:

 House Bill 162 (HB 162) repeals the seven-day waiting period for the sale of a firearm. 

Legislation Overview:

 House Bill 162 (HB 162) repeals Section 30-7-7.3 NMSA 1978, the crime of unlawful sale of a firearm before the seven-day waiting period ends.  Therefore, HB 162 allows for the sale of a firearm without a waiting period between the sale of the firearm and the transfer of the firearm to the buyer.  

Current Law:

 Currently, a seven calendar day waiting period is required between the sale of a firearm and its transfer to the buyer.