GroundRules
7 CFR 4290.507: Violations based on false filings and nonperformance of agreements with the Agency or SBA.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XLII—RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE
- PART 4290—RURAL BUSINESS INVESTMENT COMPANY (“RBIC”) PROGRAM
- Subpart G—Managing the Operations of a RBIC
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.
Collected 2026-08-27T02:24:01Z. Source file · JSON