Suspension or termination of Program participation privileges.

CFR · 2024-01-01 · US · Title 13

(a) (1) Failed to comply materially with any requirement imposed by the Program Rules and Regulations or other SBA rules and regulations; or (2) Made a material false statement or failed to disclose a material fact to SBA. (b) (1) Does not comply with any of the requirements in 120.1703(a) or (c); (2) Has been revoked or suspended it from engaging in the securities business by its supervisory agency, or is under investigation for a practice which SBA considers, in its sole discretion, to be relevant to its fitness to participate in the Program; (3) Has been indicted or otherwise formally charged with, or convicted of, a felony, or a misdemeanor which, in SBA's sole discretion, bears on its fitness to participate in the Program; (4) Has received an adverse civil judgment that it has committed a breach of trust or a violation of a law or regulation protecting the integrity of business transactions or relationships; or (5) Has been suspended or terminated as a Pool Assembler under 120.631. (c)

official document · source cfr-2024 · id 13:§ 120.1711