; (B) any lessor of real or personal property; or (C) any provider of utility services. (4) Debt The term debt — (A) means any past due obligation or alleged past due obligation that— (i) was created before the COVID–19 emergency, whether or not such obligation has been reduced to judgment; and (ii) arises out of a transaction with a consumer in which the money, property, insurance or services which are the subject of the transaction, are primarily for personal, family, or household purposes; and (B) does not include a federally related mortgage loan. (5) Debt collector The term debt collector means a creditor, and any person or entity that engages in the collection of debt, including the Federal Government and a State government, irrespective of whether the debt is allegedly owed to or assigned to that person or to the entity. (6) Federally related mortgage loan The term federally related mortgage loan has the meaning given that term under section 3 of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2602 ). 3. Credit facility for other purposes (a) Establishment The Board of Governors of the Federal Reserve System shall establish a facility that the Board of Governors shall use to make payments to covered financial institutions to compensate such institutions for documented financial losses caused by the suspension of payments required under section 2. (b) Covered financial institution defined In this section, the term covered financial institution means the holder of a loan described under section 2.