Metro 2 Payment Rating 3: 90-119 Days Past Due

Specification

Code	3
Meaning	90-119 Days Past Due
Field	Payment Rating (Field 17B)
Record	Base Segment
Length / position	1 char · 111–111
Category	Delinquency Ladder
CRRG reference	CRRG Base Segment field definition, Payment Rating

Ninety days is the point at which most portfolios move an account from collections to recovery, but the rating itself is still purely a day count.
For revolving credit this is commonly the cycle in which charge-off planning begins, though the charge-off itself is expressed by Account Status and rating L, not by rating 3.
It does not mean the account has been charged off. Rating 3 describes an account that is still on the books and still accruing a past-due balance.
It does not mean the account is in collection. Rating G is reserved for the collection condition, and an internally delinquent account has not necessarily reached it.

1A card issuer reports a revolving account 95 days past due with three missed minimum payments and no payment arrangement.
2A credit union reports an auto loan three cycles behind while the vehicle is being located for repossession.
3A servicer reports a mortgage 90 days delinquent after a failed trial modification plan.
4A private student lender reports a loan three cycles behind after repeated failed contact attempts.

Keep the rating tied to the day count rather than to your internal risk classification. Moving an account to rating 3 because it was referred to recovery, while it is only 70 days behind, misstates the record.
Hold the Date of First Delinquency steady. By rating 3 the DOFD is three months old and is doing real work in the seven-year calculation.
Make sure Amount Past Due keeps pace. A rating that advances while the past-due amount stays flat suggests one of the two fields is not being recalculated.
Do not jump straight to rating L before the account is actually charged off on your books.

A file can be structurally valid and still be wrong. These are the cross-field conditions Payment Rating 3 has to satisfy.

Corresponds to Account Status 80 in the delinquency ladder.
Requires a Date of First Delinquency that has remained fixed since the delinquency began.
Amount Past Due should reflect three missed scheduled payments and must be non-zero.
Position 1 of the Payment History Profile must agree with the current rating.
Not valid alongside the transfer and sale statuses 61 through 65, which require zero Current Balance and zero Amount Past Due.