True or False: Hold check money constitutes a deferred down payment and is included in the amount paid down.

The statement is true because a hold check money represents a commitment from the buyer to make a purchase and is often considered a part of the transaction's down payment. Treating hold check money as a deferred down payment can impact how the total down payment is calculated when assessing the buyer's financial contribution to a purchase.

Including this type of payment in the amount paid down reflects the seriousness of the buyer's intent and acknowledges that it is a part of the total payment made towards the property or item in question. This inclusion can be vital in compliance with policies or regulations around down payments, as it shows that the buyer has invested some form of monetary commitment, regardless of when the funds are actually transferred.

This understanding is crucial in many financial transactions, as it can influence both financing options and the assessment of buyer qualifications.