At what point in 2009 is a 2008 year end tax return considerd stale dated? Does it depend on when the return was filed? (i.e. filed under extension). Is there a specific area on BOL that deals with financial statements? Thanks.

Not sure why a tax return would ever be considered stale. The timing of receipt of future tax returns from borrower would be governed under your bank policies and the loan agreements you execute with the borrowers.

If your bank is accepting tax returns from a customer, rather than a financial statement, the tax return is good until the next tax return is due. If the bank needs updated financials mid-year, perhaps for a new loan request, you will need to request financials, not a new tax return that does not yet exist. Otherwise, absent a new loan request, the frequency of new financials/tax returns will be governed by your agreements which should agree with your loan policy..as Randy said above.