Field K2-3RequiredAccount Information

    Metro 2 Field K2-3: K2 Purchased/Sold Name

    The name of the party the account was purchased from or sold to, paired with the Purchased/Sold Indicator.

    Quick Reference

    Field Number:K2-3
    Position:4-33
    Length:30 characters
    Type:alphanumeric
    Record:K2 Segment
    Required:Yes

    Validation Rules

    • Left-justified, blank-filled
    • Required for a valid K2 segment (see error k2-seller-name-missing)

    Examples

    MIDLAND FUNDING LLC

    Common Errors

    • Blank counterparty name on a K2 segment

    Tips & Best Practices

    • Name the counterparty so the chain of ownership is auditable

    Related Fields

    K2-2
    K2 Purchased/Sold Indicator
    Single-character code stating whether the named party is who...

    Other Account Information

    17AAccount Status27Terms Duration28Terms Frequency15Account Type14Portfolio Type10ECOA Code

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    K2 Purchased/Sold Name - Metro 2 Field K2-3