Metro 2 Special Comment Code BP: Paid by Dealer or Merchant

Specification

Code	BP
Meaning	Paid by Dealer or Merchant
Field	Special Comment (Field 31)
Record	Base Segment
Length / position	2 chars · 213–214
Category	Paid by a Third Party
CRRG reference	CRRG Exhibits 6 & 7 (Special Comment Codes)

BP identifies the payer as the dealer or merchant in the transaction, not the consumer and not an insurer.
BP is common in sales-finance and retail portfolios where the originating dealer carries recourse obligations.
BP does NOT mean the consumer paid. It also does not mean the consumer was released from a debt they still owe to the dealer directly; that relationship is outside this tradeline.
BP does NOT rewrite the payment history that preceded the buyback.
BP is terminal: it describes a completed payoff, not a live condition.

1An auto dealer repurchases a retail installment contract from the finance company after a failed spot delivery and the finance company's tradeline is satisfied.
2A merchant unwinds a point-of-sale financing agreement following a cancelled sale and pays the balance to the lender.
3A dealer honors a recourse obligation on an early-payment-default contract.
4A retailer refunds a financed purchase in full and the financing balance is retired by the retailer.

Report BP only where the dealer or merchant actually paid the balance to you.
Populate Date Closed and report a zero Current Balance.
Do not use BP where the consumer paid the balance, even if the dealer arranged or facilitated the payment.
If the contract was unwound because the sale was cancelled, consider whether the tradeline should have been reported at all rather than simply closed.
Do not leave a past-due amount reporting on an account satisfied by a dealer payoff.

A file can be structurally valid and still be wrong. These are the cross-field conditions Special Comment Code BP has to satisfy.

Current Balance and Amount Past Due must be zero, with Date Closed populated.
Portfolio Type is typically I (Installment) for a retail installment contract or R (Revolving) for a retail card program.
If the contract was also sold or assigned back to the dealer, a K2 Purchased From/Sold To Segment names the counterparty.
Where a K1 Original Creditor Name Segment is in use for a private-label program, keep the creditor identification consistent with the closing record.
Date of First Delinquency stays where it was; a dealer buyback does not undo a delinquency that occurred.