Alabama vs Illinois for MLO Licensing

Total Fees

$266.25

AL

vs

$391.25

IL

Pre-Licensing

20 hrs

AL

vs

20 hrs

IL

Timeline

4-8 wks

AL

vs

4-8 wks

IL

Side-by-Side Comparison

Category	Alabama	Illinois
Total Fees	$266.25 ✓	$391.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$75 ✓	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Alabama is $125 cheaper for total licensing fees.

Winner: Alabama

Category Winners

Lower Cost

Alabama $266.25

vs Illinois ($391.25)

Fewer Hours

Alabama 20 hrs

vs Illinois (20 hrs)

Faster Processing

Alabama 4-8 wks

vs Illinois (4-8 wks)

Alabama

Alabama State Banking Department

Official Website →

Full Alabama MLO requirements →

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Compare More States

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