Epic Contributor
Posts: 22,504
Registered: ‎03-19-2007
Re: Opting Out doesn't last five years.

The opt-out process is specified in FCRA 604(c).

If the consumer notifies the CRA that they wish their name to be excluded from any list provided by the CRA to those requesting the consumer's name and address for sending firm offers of credit, the CRA is required to send the consumer a formal notice of election form under their estalbished notification system.


If the consumer does not sign and return that notification form, along with proper proof of identity, the opt-out automatically expires after five years.  The CRA is not required to send notification of that expiration... it is automatic based on the consumer's failure to have provided the signed election form.