What is the prescreened offers opt-out right and how long does it typically last?

• A. Consumers may opt out of prescreened offers of credit or insurance; the opt-out generally lasts five years unless renewed
• B. Opt-out lasts 10 years
• C. Opt-out lasts 1 year
• D. Opt-out lasts two years

Answer: (A)

Prescreened offers are marketing solicitations for credit or insurance that are based on your credit file, and you have the right to stop receiving them. The standard duration of that opt-out is five years, after which you can renew it if you still want to stop the offers. There is also a permanent opt-out option available, but the typical timeframe people encounter is five years.