Section 778. Definitions

When used in this article, the following terms,
  unless  the  context  requires  otherwise,  shall  have  the   following
  meanings:
    1.  "Bank"  means  a  bank,  trust  company, savings bank, or state or
  federal savings and loan association which is located within this state.
    2. "Contract" means a written agreement between a seller and buyer for
  the sale and purchase of a home.
    3. "Down payment" means a contract deposit or similar  advance  toward
  the  purchase  price  of  a  home  that a buyer gives to an escrow agent
  pursuant to the provisions of a contract.
    4. "Escrow agent" means a person, other than a  seller,  who  holds  a
  buyer's down payment deposit pursuant to the provisions of a contract.
    5.  "Home"  means  an  existing, previously occupied one or two-family
  dwelling intended to be used primarily as a residence, or a  residential
  unit  in  a  multi-unit  structure in which title or shares of stock are
  transferred to buyers under a condominium or cooperative regime. It does
  not mean a mobile home as defined in section seven hundred twenty-one of
  this chapter.