District Of Columbia § 42-2621 - Definitions.
Full text of District Of Columbia D.C. Code § 42-2621 — Definitions., with citation guidance and answers to common questions.
§ 42-2621. Definitions.
42-2621For the purpose of this subchapter, the term:
“Closing Costs” means expenses in addition to the purchase price of the property which must be paid by the purchaser or deducted from the proceeds of the sale to the seller at time of closing.
“Department” means the Department of Housing and Community Development.
“Downpayment” means the unamortized amount paid by the purchaser at closing, which when added to the mortgage amount equals the total sale price.
“Earnest money contract” means a contract created between the buyer and seller when the buyer makes a deposit to indicate both the ability and good faith intention to complete the purchase of a property. If the contract is fulfilled, then the earnest money deposit is applied toward the purchase price.
“Fund” means the Home Purchase Assistance Step Up Fund.
“Household” means an individual or 2 or more persons who reside together in a housing unit in the District.
“Single family home” means a housing unit designed and maintained for occupancy by only one family.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 42-2621
What does D.C. Code § 42-2621 cover?
Section 42-2621 ("Definitions.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 42-2621?
A common citation format is "D.C. Code § 42-2621" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 42-2621 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.