Which of the following is NOT a trigger for a Higher-Priced Mortgage Loan?

The correct answer identifies a situation that does not qualify as a trigger for a Higher-Priced Mortgage Loan (HPML) based on the established thresholds. For a secondary lien, the standard is that the annual percentage rate (APR) needs to exceed the average prime offer rate (APOR) by 3.5% to categorize it as a Higher-Priced Mortgage Loan. Therefore, stating that the APR plus 2.5% exceeds the APOR for a secondary lien does not meet the criteria necessary for this designation, making it the correct choice.

Understanding the thresholds for HPMLs is crucial as they are designed to protect consumers by highlighting loans with higher costs that might denote greater risk. Each type of lien—such as first and secondary—has its own set of percentage thresholds for determining whether a loan is classified as a Higher-Priced Mortgage Loan. In this case, the APR thresholds for first and nonconforming liens exceed those of secondary liens, which is why the other options involve scenarios that do meet the requirement for being classified as HPMLs.