### Question
What is the definition of downpayment?


### Answer
The definition of **downpayment** is as follows in *12 U.S.C. § 1701x*:

> the amount of purchase price of home required to be paid at or before the time of purchase

#### Citation:
  - *12 U.S.C. § 1701x*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

