Sec. 2. Definitions
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Section 803 of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692a ) is amended by striking paragraphs
(5)and
(6)and inserting the following: The term debt means— any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment; or any obligation or alleged obligation of a consumer— to pay a loan, an overpayment, a fine, penalty, a fee, or other money to a Federal agency; and that is not less than 180 days past due. The term debt collector means any person who— uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts; regularly collects or attempts to collect, directly or indirectly, by its own means or by hiring another debt collector, debts owed or due or asserted to be owed or due another or that have been purchased from another; or regularly collects debts owed or allegedly owed to a Federal agency. .
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