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

---
identifier: "/us/cfr/t13/s107.507"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 107.507 - Violations based on false filings and nonperformance of agreements with SBA."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "107.507"
section_name: "Violations based on false filings and nonperformance of agreements with SBA."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "107"
part_name: "SMALL BUSINESS INVESTMENT COMPANIES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 662, 681-687, 687b-h, 687k-m."
regulatory_source: "61 FR 3189, Jan. 31, 1996, unless otherwise noted."
cfr_part: "107"
---


# 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]