13 CFR 107.507 - Violations based on false filings and nonperformance of agreements with SBA.
The following shall constitute a violation of this part:
(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.