Regulations last checked for updates: May 14, 2024

Title 13 - Business Credit and Assistance last revised: May 02, 2024
§ 142.6 - What does the phrase “know or have reason to know” mean?

A person knows or has reason to know (that a claim or statement is false) if the person:

(a) Has actual knowledge that the claim or statement is false, fictitious, or fraudulent; or

(b) Acts in deliberate ignorance of the truth or falsity of the claim or statement; or

(c) Acts in reckless disregard of the truth or falsity of the claim or statement.

authority: 15 U.S.C. 634(b); 31 U.S.C. 3803(g)(2)
source: 61 FR 2691, Jan. 29, 1996, unless otherwise noted.
cite as: 13 CFR 142.6