UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June~~September 2827, 2018

United Development Funding III, L.P.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

000-53159

20-3269195

(State or other jurisdiction of incorporation
or organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

1301 Municipal Way, Suite 200, Grapevine, Texas
76051

(Address of principal executive offices)

(Zip Code)

(214) 370-8960

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o¨

Item 8.01

Other Events.

On ~~June~~September 2827, 2018, ~~United~~ United Development Funding III, L.P. (the “Partnership”) received an Order Instituting Administrative Proceedings and Notice ~~United~~of ~~Development~~Hearing ~~Funding~~Pursuant IVto Section 12(~~collectively~~j) of the Securities Exchange Act of 1934, File No. 3-18832, dated September 24, 2018 (the “~~UDF~~Order”). ~~entered~~The ~~into~~Order awas ~~settlement~~issued ~~with~~ by the U.S. Securities and Exchange Commission (the “~~SEC~~Commission”) via Release No. 84273 and commences an Administrative Proceeding alleging that the Partnership failed to comply with Section 13(a) of ~~all~~the ~~outstanding~~Securities ~~issues~~Exchange Act of 1934, as amended (the “Exchange Act”), and Rules 13a-1 and 13a-13 thereunder (the ~~complete~~“Allegations”) ~~resolution~~by offailing to file periodic reports since the Partnership filed a Form 10-Q for the period ended September ~~SEC’s~~30, ~~investigation~~2015. ~~into~~The ~~possible~~Commission ~~violations~~seeks to determine whether it is necessary and appropriate for the protection of ~~certain~~investors ~~provisions~~to suspend for a period not exceeding twelve months, or revoke, the registration of the ~~Securities~~Partnership’s ~~Act~~units of ~~1933~~limited ~~and~~partnership ~~the~~interest registered ~~Securities~~pursuant ~~Exchange Act~~to Section 12 of ~~1934~~the Exchange Act.

AsThe ~~previously~~Trust ~~disclosed~~expects to shortly byengage ~~UDF,~~in discussions with the ~~SEC~~Commission’s ~~had~~staff ~~been~~seeking ~~conducting~~to anresolve ~~investigation~~the ~~since~~Administrative ~~April~~Proceeding ~~2014,~~without ~~which~~de-registration. ~~was~~However, there ~~followed~~can bybe ~~“Wells~~no ~~Notices”~~assurance ~~from~~that the ~~staff~~ ofPartnership will be able to avoid de-registration or how long the ~~SEC~~Administrative inProceeding may ~~September~~take ~~2016~~to conclude.

The settlement includes the filing of a complaint by the SEC and a consent judgment. Under the consent judgment, UDF and certain individuals (the “Individuals”) associated with UDF consent to the entry of orders enjoining them from future violations of certain provisions of the federal securities laws (including misrepresentation and omissions, reporting and books and records provisions). The Individuals will also collectively be subject to disgorgement and pre-judgement interest of $7.2 million and a monetary fine of $1.075 million. UDF and the Individuals neither admit nor deny the allegations of the complaint, and none of UDF’s executives will be limited from continuing to manage UDF’s business.

A copy of UDF’s press release announcing the settlement is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of United Development Funding III, L.P. and United Development Funding IV dated July 3, 2018.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	United Development Funding III, L.P.
	By:	UMTH Land Development, L.P.
		Its General Partner
		By:	UMT Services, Inc.
			Its General Partner
Dated: July 3, 2018			By:	/s/ Hollis M. Greenlaw
Dated: October 3, 2018			By:	/s/ Hollis M. Greenlaw
				Hollis M. Greenlaw
				President and Chief Executive Officer

Filing Compare · United Development Funding III, LP