How many years are agents required to maintain records of consumer consent?

Agents are required to maintain records of consumer consent for a period of 10 years. This duration is critical as it ensures that there is a sufficient timeframe for verifying compliance with consumer protection laws and regulations. Having a ten-year record retention policy allows agents to demonstrate that they have obtained proper consent from consumers for any specific actions that require it, such as the sharing of personal information.

This requirement also aligns with practices in various legal frameworks that aim to protect consumer privacy and data rights. By having a clear and defined period for record-keeping, it helps uphold accountability and transparency in agent-consumer interactions. Retaining these records for ten years helps both agents and consumers by providing clarity and assurance regarding consent that was previously given.