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

13 C.F.R. § 107.507
in effectEffective: 2024-07-01
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The following shall constitute a violation of this part: (a) Nonperformance. Nonperformance of any of the requirements of any Debenture, Participating Security or Preferred 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.

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