13 CFR 107.507 - Violations based on false filings and nonperformance of agreements with SBA.

Regulations last checked for updates: Feb 12, 2026

Title 13 - Business Credit and Assistance last revised: Feb 02, 2026

View all text of Subpart E [§ 107.500 - § 107.590]

§ 107.507 - 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 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]

authority: 15 U.S.C. 662,681,687b,687k

source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 107.507