source:
  type: regulation
  id: reg-v-1022.27
  authority: 12 CFR §1022.27 — Renewal of opt-out (Regulation V)
  description: 12 CFR §1022.27 — Renewal of opt-out.
  coverage_tier: operative
obligations:
- id: reg-v-1022.27-full
  canonical_id: reg-v-1022.27-full
  section: 12 CFR §1022.27 — Renewal of opt-out
  type: do
  tags:
  - regulator-direct
  - fcra
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1022.27 — Renewal of opt-out (Regulation V)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1022.27
    snapshot_id: 174c3ff6c076dd6f
    fetched_at: '2026-06-17T19:30:43Z'
    content_hash: sha256:5d3de34a37bbced3ef9c6505e88e74fd21a58feaf1843263eee2e47268ea21fb
    paragraph_quote: '§ 1022.27 Renewal of opt-out. (a) Renewal notice and opt-out
      requirement —(1) In general. After the opt-out period expires, you may not make
      solicitations based on eligibility information you receive from an affiliate
      to a consumer who previously opted out, unless: (i) The consumer has been given
      a renewal notice that complies with the requirements of this section and §§
      1022.24 through 1022.26 of this part, and a reasonable opportunity and a reasonable
      and simple method to renew the opt-out, and the consumer does not renew the
      opt-out; or (ii) An exception in § 1022.21(c) of this part applies. (2) Renewal
      period. Each opt-out renewal must be effective for a period of at least five
      years as provided in § 1022.22(b) of this part. (3) Affiliates who may provide
      the notice. The notice required by this paragraph must be provided: (i) By the
      affiliate that provided the previous opt-out notice, or its successor; or (ii)
      As part of a joint renewal notice from two or more members of an affiliated
      group of companies, or their successors, that jointly provided the previous
      opt-out notice. (b) Contents of renewal notice. The renewal notice must be clear,
      conspicuous, and concise , and must accurately disclose: (1) The name of the
      affiliate(s) providing the notice. If the notice is provided jointly by multiple
      affiliates and each affiliate shares a common name, such as “ABC,” then the
      notice may indicate that it is being provided by multiple companies with the
      ABC name or multiple companies in the ABC group or family of companies, for
      example, by stating that the notice is provided by “all of the ABC companies,”
      “the ABC banking, credit card, insurance, and securities companies,” or by listing
      the name of each affiliate providing the notice. But if the affiliates providing
      the joint notice do not all share a common name, then the notice must either
      separately identify each affiliate by name or identify each of the common names
      used by those affiliates, for example, by stating that the notice is provided
      by “all of the ABC and XYZ companies” or by “the ABC banking and credit card
      companies and the XYZ insurance companies”; (2) A list of the affiliates or
      types of affiliates whose use of eligibility information is covered by the notice,
      which may include companies that become affiliates after the notice is provided
      to the consumer . If each affiliate covered by the notice shares a common name,
      such as “ABC,” then the notice may indicate that it applies to multiple companies
      with the ABC name or multiple companies in the ABC group or family of companies,
      for example, by stating that the notice is provided by “all of the ABC companies,”
      “the ABC banking, credit card, insurance, and securities companies,” or by listing
      the name of each affiliate providing the notice. But if the affiliates covered
      by the notice do not all share a common name, then the notice must either separately
      identify each covered affiliate by name or identify each of the common names
      used by those affiliates, for example, by stating that the notice applies to
      “all of the ABC and XYZ companies” or to “the ABC banking and credit card companies
      and the XYZ insurance companies;” (3) A general description of the types of
      eligibility information that may be used to make solicitations to the consumer
      ; (4) That the consumer previously elected to limit the use of certain information
      to make solicitations to the consumer ; (5) That the consumer ''s election has
      expired or is about to expire; (6) That the consumer may elect to renew the
      consumer ''s previous election; (7) If applicable, that the consumer ''s election
      to renew will apply for the specified period of time stated in the notice and
      that the consumer will be allowed to renew the election once that period expires;
      and (8) A reasonable and simple method for the consumer to opt out. (c) Timing
      of the renewal notice —(1) In general. A renewal notice may be provided to the
      consumer either: (i) A reasonable period of time before the expiration of the
      opt-out period; or (ii) Any time after the expiration of the opt-out period
      but before solicitations that would have been prohibited by the expired opt-out
      are made to the consumer . (2) Combination with annual privacy notice. If you
      provide an annual privacy notice under the Gramm-Leach-Bliley Act , 15 U.S.C.
      6801 et seq., providing a renewal notice with the last annual privacy notice
      provided to the consumer before expiration of the opt-out period is a reasonable
      period of time before expiration of the opt-out in all cases. (d) No effect
      on opt-out period. An opt-out period may not be shortened by sending a renewal
      notice to the consumer before expiration of the opt-out period, even if the
      consumer does not renew the opt out. Gramm-Leach-Bliley Act'
  judgment: false
