Answer:
Under the FCRA (Fair Credit Reporting Act), an affiliate sharing opt-out is effective for a period of five years. This means that if a consumer chooses to opt out of sharing their information with affiliates of a particular financial institution, that opt-out will remain in effect for five years from the date of the request, unless the consumer requests to revoke the opt-out before that time. After five years, the consumer must renew their opt-out request if they wish to continue to restrict the sharing of their information with affiliates of the financial institution.
Step-by-step explanation: