13 CFR § 108.507 - Violations based on false filings and nonperformance of agreements with SBA.

---
identifier: "/us/cfr/t13/s108.507"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.507 - Violations based on false filings and nonperformance of agreements with SBA."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.507"
section_name: "Violations based on false filings and nonperformance of agreements with SBA."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "108"
part_name: "NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM"
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. 689-689q."
regulatory_source: "66 FR 28609, May 23, 2001, unless otherwise noted."
cfr_part: "108"
---


# 108.507 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 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 that is necessary to make a statement not misleading in light of the circumstances under which the statement was made.