Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 142 - Program Fraud Civil Remedies Act Regulations |
Overview and Definitions |
§ 142.6 - What does the phrase “know or have reason to know” mean?
Latest version.
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§ 142.6 What does the phrase “know or have reason to know” mean?
A person knows or has reason to know (that a claim or statement is false) if the person:
(a) Has actual knowledge that the claim or statement is false, fictitious, or fraudulent; or
(b) Acts in deliberate ignorance of the truth or falsity of the claim or statement; or
(c) Acts in reckless disregard of the truth or falsity of the claim or statement.