source:
  type: regulation
  id: reg-v-1022.22
  authority: 12 CFR §1022.22 — Scope and duration of opt-out (Regulation V)
  description: 12 CFR §1022.22 — Scope and duration of opt-out.
  coverage_tier: operative
obligations:
- id: reg-v-1022.22-full
  canonical_id: reg-v-1022.22-full
  section: 12 CFR §1022.22 — Scope and duration of opt-out
  type: do
  tags:
  - regulator-direct
  - fcra
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1022.22 — Scope and duration of opt-out (Regulation V)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1022.22
    snapshot_id: 58dc2663825b1862
    fetched_at: '2026-06-17T19:30:42Z'
    content_hash: sha256:96fcc26abbe4c843d9b547ab2800f1df7ad77a6ad90177994294c3daab4f6cd8
    paragraph_quote: '§ 1022.22 Scope and duration of opt-out. (a) Scope of opt-out
      —(1) In general. Except as otherwise provided in this section, the consumer
      ''s election to opt out prohibits any affiliate covered by the opt-out notice
      from using eligibility information received from another affiliate as described
      in the notice to make solicitations to the consumer . (2) Continuing relationship.
      (i) In general. If the consumer establishes a continuing relationship with you
      or your affiliate , an opt-out notice may apply to eligibility information obtained
      in connection with: (A) A single continuing relationship or multiple continuing
      relationships that the consumer establishes with you or your affiliates, including
      continuing relationships established subsequent to delivery of the opt-out notice,
      so long as the notice adequately describes the continuing relationships covered
      by the opt-out; or (B) Any other transaction between the consumer and you or
      your affiliates as described in the notice. (ii) Examples of continuing relationships.
      A consumer has a continuing relationship with you or your affiliate if the consumer:
      (A) Opens a deposit or investment account with you or your affiliate ; (B) Obtains
      a loan for which you or your affiliate owns the servicing rights; (C) Purchases
      an insurance product from you or your affiliate ; (D) Holds an investment product
      through you or your affiliate , such as when you act or your affiliate acts
      as a custodian for securities or for assets in an individual retirement arrangement;
      (E) Enters into an agreement or understanding with you or your affiliate whereby
      you or your affiliate undertakes to arrange or broker a home mortgage loan for
      the consumer ; (F) Enters into a lease of personal property with you or your
      affiliate ; or (G) Obtains financial, investment, or economic advisory services
      from you or your affiliate for a fee. (3) No continuing relationship. (i) In
      general. If there is no continuing relationship between a consumer and you or
      your affiliate , and you or your affiliate obtain eligibility information about
      a consumer in connection with a transaction with the consumer , such as an isolated
      transaction or a credit application that is denied, an opt-out notice provided
      to the consumer only applies to eligibility information obtained in connection
      with that transaction. (ii) Examples of isolated transactions. An isolated transaction
      occurs if: (A) The consumer uses your or your affiliate ''s ATM to withdraw
      cash from an account at another financial institution; or (B) You or your affiliate
      sells the consumer a cashier''s check or money order, airline tickets, travel
      insurance, or traveler''s checks in isolated transactions. (4) Menu of alternatives.
      A consumer may be given the opportunity to choose from a menu of alternatives
      when electing to prohibit solicitations , such as by electing to prohibit solicitations
      from certain types of affiliates covered by the opt-out notice but not other
      types of affiliates covered by the notice, electing to prohibit solicitations
      based on certain types of eligibility information but not other types of eligibility
      information , or electing to prohibit solicitations by certain methods of delivery
      but not other methods of delivery. However, one of the alternatives must allow
      the consumer to prohibit all solicitations from all of the affiliates that are
      covered by the notice. (5) Special rule for a notice following termination of
      all continuing relationships —(i) In general. A consumer must be given a new
      opt-out notice if, after all continuing relationships with you or your affiliate(s)
      are terminated, the consumer subsequently establishes another continuing relationship
      with you or your affiliate(s) and the consumer ''s eligibility information is
      to be used to make a solicitation . The new opt-out notice must apply, at a
      minimum, to eligibility information obtained in connection with the new continuing
      relationship. Consistent with paragraph (b) of this section, the consumer ''s
      decision not to opt out after receiving the new opt-out notice would not override
      a prior opt-out election by the consumer that applies to eligibility information
      obtained in connection with a terminated relationship, regardless of whether
      the new opt-out notice applies to eligibility information obtained in connection
      with the terminated relationship. (ii) Example. A consumer has a checking account
      with a financial institution that is part of an affiliated group. The consumer
      closes the checking account. One year after closing the checking account, the
      consumer opens a savings account with the same financial institution. The consumer
      must be given a new notice and opportunity to opt out before the financial institution''s
      affiliates may make solicitations to the consumer using eligibility information
      obtained by the financial institution in connection with the new savings account
      relationship, regardless of whether the consumer opted out in connection with
      the checking account. (b) Duration of opt-out. The election of a consumer to
      opt out must be effective for a period of at least five years (the “opt-out
      period”) beginning when the consumer ''s opt-out election is received and implemented,
      unless the consumer subsequently revokes the opt-out in writing or, if the consumer
      agrees, electronically. An opt-out period of more than five years may be established,
      including an opt-out period that does not expire unless revoked by the consumer
      . (c) Time of opt-out. A consumer may opt out at any time.'
  judgment: false
