§ 107.507 Violations based on false filings and nonperformance of agreements with SBA.
Current through Sep 29, 2026 · Read all of Part 107
The following shall constitute a violation of this part:
(a) Nonperformance. Nonperformance of any of the requirements of any Debenture or Participating Security 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 which is necessary to make a statement not misleading in light of the circumstances under which the statement was made.
[61 FR 3189, Jan. 31, 1996, as amended at 91 FR 8, Jan. 2, 2026]