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A federal RESPA booklet and disclosures must be given a borrower by a real estate licensee when the federally-related loan is a first lien and the money is used to: ___________________________________________________________________ .

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Final answer:

A federal RESPA booklet and disclosures must be given to a borrower by a real estate licensee when the federally-related loan is a first lien and the money is used to purchase or refinance a one-to-four unit residential property that is occupied by the borrower as their principal residence.

Step-by-step explanation:

A federal RESPA booklet and disclosures must be given to a borrower by a real estate licensee when the federally-related loan is a first lien and the money is used to purchase or refinance a one-to-four unit residential property that is occupied by the borrower as their principal residence. The Real Estate Settlement Procedures Act (RESPA) requires lenders to provide borrowers with certain disclosures, including a booklet that explains the loan process and the borrower's rights. This is done to ensure transparency and protect borrowers in real estate transactions.

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