I keep seeing posts that the annual audit of SAFE ACT should be done by July 29th, but since finding out bankersonline is offering an Aug 8th webinar, I'd much rather wait until I've veiwed the webinar. Do you think examiners would have a problem with that?

No.

Do you think examiners would have a problem with that?

I would say yes. The requirement is the requirement.

You could always use the CFPB's examination procedures to comply with the July date and then if you find out that you should be looking at other elements from the BOL course, you could go back and audit those areas after the webinar. Just a thought.

You will have to forgive me for asking, but, I can not locate the requirement within the Act that the Audit needs to be completed by July 29th. Can you please point me to where this specific date requirement is located?

It is one year from the 7/29/2011 deadline for compliance. The one easy to find written statement is from the Kansas City FRB:

Furthermore, the SAFE Act rule requires a federally-regulated institution to conduct an annual test to review its compliance with the rule. Such independent compliance activities may
be conducted by an institution's internal audit function, compliance (or similar) function, or by an outside party. The deadline date for completion of the 2012 test by Federal Reserve supervised institutions is July 29,2012, which is one year from the close of the initial registration period for federal MLOs. Thereafter, institutions are required to independently test for compliance with the rule at least annually.