Apparently this popped up recently on SCEE's Terms of Service.
While this doesn't affect me it's some real bullshit that the account will essentially be nuked and you will lose every single purchase you made and any money you have on it.
17. Closing your Account
You may close your Account by contacting us using the details below. We may close your Account if it has not been used for at least 24 months. In both cases, we will not provide you with a refund of your unused wallet funds and unexpired periods of your subscriptions unless we are required to do so by law. After your Account is closed, you will not be able to access the PSN nor use the Products purchased with that Account.
While this doesn't affect me it's some real bullshit that the account will essentially be nuked and you will lose every single purchase you made and any money you have on it.