Alabama vs Maine for MLO Licensing

Total Fees

$266.25

$271.25

Pre-Licensing

20 hrs

Timeline

4-8 wks

8-16 wks

Side-by-Side Comparison

Category	Alabama	Maine
Total Fees	$266.25 ✓	$271.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks ✓	8-16 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$75 ✓	$80
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Alabama is $5 cheaper for total licensing fees.

Winner: Alabama

→

Processing Speed

Alabama processes applications in 4-8 weeks.

Winner: Alabama

Category Winners

Lower Cost

Alabama $266.25

vs Maine ($271.25)

Fewer Hours

Alabama 20 hrs

vs Maine (20 hrs)

Faster Processing

Alabama 4-8 wks

vs Maine (8-16 wks)

Alabama

Alabama State Banking Department

Official Website →

Full Alabama MLO requirements →

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Full Maine MLO requirements →

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