Regulation O and Current Financial Statements

Is there anyting in Reg. O that says if a financial statement is dated within 14 months of a loan to an executive officer the financials are considered current? The only thing I found in the regulation regarding 14 months relates to prior approval and lines of credit. See 12 CFR 215.4(b)(3):

(3) Approval by the board of directors under paragraphs (b)(1) and (b)(2) of this section is not required for an extension of credit that is made pursuant to a line of credit that was approved under paragraph (b)(1) of this section within 14 months of the date of the extension of credit. The extension of credit must also be in compliance with the requirements of §215.4(a) of this part.

What does your loan policy say a current financial statement is? Generally policy will require a financial statement to be less than 12 months old.

Your Reg. O Officers have to meet the same standards as any other borrower.