7 CFR § 4290.507 - Violations based on false filings and nonperformance of agreements with the Agency or SBA.

---
identifier: "/us/cfr/t7/s4290.507"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4290.507 - Violations based on false filings and nonperformance of agreements with the Agency or SBA."
title_number: 7
title_name: "Agriculture"
section_number: "4290.507"
section_name: "Violations based on false filings and nonperformance of agreements with the Agency or SBA."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4290"
part_name: "RURAL BUSINESS INVESTMENT COMPANY (“RBIC”) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1989 and 2009cc"
regulatory_source: "69 FR 32204, June 8, 2004, unless otherwise noted."
cfr_part: "4290"
---


# 4290.507 Violations based on false filings and nonperformance of agreements with the Agency or SBA.

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.