Truth in Lending: 9.7.1 Calculating the Average Prime Offer Rate
The average prime offer rate (or APOR) is the standard for determining whether a loan is subject to HOEPA’s rules for high-cost mortgages and TILA’s rules for higher-cost mortgage loans (HPML). If a loan’s APR exceeds the APOR by the amount specified in Regulation Z,1065 the loan is said to have exceeded the APR trigger and becomes subject to the relevant provisions.