Violations based on false filings and nonperformance of agreements with the Agency or SBA
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
The following shall constitute a violation of this part:
(a) Nonperformance. Failure to perform any of the requirements of any Debenture or of any written agreement with the Agency or SBA.
(b) False statement. In any document submitted to the Agency or SBA:
(1) Any false statement knowingly made; or
(2) Any misrepresentation of a material fact; or
(3) Any failure to state a material fact.
(4) 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.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.