Treasury Rates for Covered Loans Chapter 5 of the Mortgage Bankers and Brokers & Consumer Equity Protection Act defines a "covered loan" as a closed-end home equity mortgage loan involving property located in Pennsylvania, of any lien position, in principal amounts of less than $100,000 made at a high cost, generally meaning the rate and point triggers in the federal Home Ownership Equity Protection Act. The rate trigger for a covered loan is an APR exceeding 8 percentage points above comparable term U.S. Treasury securities.