source:
  type: regulation
  id: reg-v-1022.24
  authority: 12 CFR §1022.24 — Reasonable opportunity to opt out (Regulation V)
  description: 12 CFR §1022.24 — Reasonable opportunity to opt out.
  coverage_tier: operative
obligations:
- id: reg-v-1022.24-full
  canonical_id: reg-v-1022.24-full
  section: 12 CFR §1022.24 — Reasonable opportunity to opt out
  type: do
  tags:
  - regulator-direct
  - fcra
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1022.24 — Reasonable opportunity to opt out (Regulation V)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1022.24
    snapshot_id: f30be68236725182
    fetched_at: '2026-06-17T19:30:42Z'
    content_hash: sha256:53d437df9acdac71fa50de7fa04d68f8c170446afeaac7a923155c542a711b84
    paragraph_quote: '§ 1022.24 Reasonable opportunity to opt out. (a) In general.
      You must not use eligibility information about a consumer that you receive from
      an affiliate to make a solicitation to the consumer about your products or services,
      unless the consumer is provided a reasonable opportunity to opt out, as required
      by § 1022.21(a)(1)(ii) of this part. (b) Examples of a reasonable opportunity
      to opt out. The consumer is given a reasonable opportunity to opt out if: (1)
      By mail. The opt-out notice is mailed to the consumer . The consumer is given
      30 days from the date the notice is mailed to elect to opt out by any reasonable
      means. (2) By electronic means. (i) The opt-out notice is provided electronically
      to the consumer , such as by posting the notice at a Web site at which the consumer
      has obtained a product or service. The consumer acknowledges receipt of the
      electronic notice. The consumer is given 30 days after the date the consumer
      acknowledges receipt to elect to opt out by any reasonable means. (ii) The opt-out
      notice is provided to the consumer by email where the consumer has agreed to
      receive disclosures by email from the person sending the notice. The consumer
      is given 30 days after the email is sent to elect to opt out by any reasonable
      means. (3) At the time of an electronic transaction. The opt-out notice is provided
      to the consumer at the time of an electronic transaction, such as a transaction
      conducted on a Web site. The consumer is required to decide, as a necessary
      part of proceeding with the transaction, whether to opt out before completing
      the transaction. There is a simple process that the consumer may use to opt
      out at that time using the same mechanism through which the transaction is conducted.
      (4) At the time of an in-person transaction. The opt-out notice is provided
      to the consumer in writing at the time of an in-person transaction. The consumer
      is required to decide, as a necessary part of proceeding with the transaction,
      whether to opt out before completing the transaction, and is not permitted to
      complete the transaction without making a choice. There is a simple process
      that the consumer may use during the course of the in-person transaction to
      opt out, such as completing a form that requires consumers to write a “yes”
      or “no” to indicate their opt-out preference or that requires the consumer to
      check one of two blank check boxes; one that allows consumers to indicate that
      they want to opt out and one that allows consumers to indicate that they do
      not want to opt out. (5) By including in a privacy notice. The opt-out notice
      is included in a Gramm-Leach-Bliley Act privacy notice. The consumer is allowed
      to exercise the opt-out within a reasonable period of time and in the same manner
      as the opt-out under that privacy notice. Gramm-Leach-Bliley Act'
  judgment: false
