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Alabama vs Iowa for MLO Licensing

Total Fees
$266.25
AL
vs
$241.25
IA
Pre-Licensing
20 hrs
AL
vs
20 hrs
IA
Timeline
4-8 wks
AL
vs
4-8 wks
IA

Side-by-Side Comparison

Category Alabama Iowa
Total Fees $266.25 $241.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $75 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $25 cheaper for total licensing fees.

Winner: Iowa

Category Winners

Lower Cost
Iowa $241.25
vs Alabama ($266.25)
Fewer Hours
Alabama 20 hrs
vs Iowa (20 hrs)
Faster Processing
Alabama 4-8 wks
vs Iowa (4-8 wks)

Alabama

Alabama State Banking Department

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Compare Alabama MLO License

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