---
kind: "section"
citation: "7 C.F.R. § 4290.507"
title: "7"
number: "4290.507"
heading: "Violations based on false filings and nonperformance of agreements with the Agency or SBA."
url: "https://uscodex.org/cfr/7/4290.507"
---

# §4290.507. Violations based on false filings and nonperformance of agreements with the Agency or SBA.


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.

## Notes

### Authority

Authority: 7 U.S.C. 1989 and 2009cc et seq.

### Source

Source: 69 FR 32204, June 8, 2004, unless otherwise noted.