13 CFR 108.507 - Violations based on false filings and nonperformance of agreements with SBA.

Regulations last checked for updates: Nov 25, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart G [§ 108.500 - § 108.585]

§ 108.507 - Violations based on false filings and nonperformance of agreements with SBA.

The following shall constitute a violation of this part:

(a) Nonperformance. Nonperformance of any of the requirements of any Debenture or of any written agreement with SBA.

(b) False statement. In any document submitted to SBA:

(1) Any false statement knowingly made; or

(2) Any misrepresentation of a material fact; or

(3) Any failure to state a material fact. A material fact is any fact that is necessary to make a statement not misleading in light of the circumstances under which the statement was made.

authority: 15 U.S.C. 689-689q.

source: 66 FR 28609, May 23, 2001, unless otherwise noted.

cite as: 13 CFR 108.507