{"data":{"id":"us/13-cfr-107.507","jurisdiction":"us","citation":"13 CFR 107.507","heading":"Violations based on false filings and nonperformance of agreements with SBA.","body":"The following shall constitute a violation of this part:\n(a) Nonperformance. Nonperformance of any of the requirements of any Debenture or Participating Security or of any written agreement with SBA.\n(b) False statement. In any document submitted to SBA:\n(1) Any false statement knowingly made; or\n(2) Any misrepresentation of a material fact; or\n(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.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 107—SMALL BUSINESS INVESTMENT COMPANIES","Subpart E—Managing the Operations of a Licensee"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"041edbfa13961b84fdbecbb725903ff961e2c712b0ad9f29e61db7c455afc6fb","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.506","next":"us/13-cfr-107.509"},"notice":"GroundRules: Original legal text. Not legal advice."}