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Alabama vs Michigan for MLO Licensing

Total Fees
$266.25
AL
vs
$471.25
MI
Pre-Licensing
20 hrs
AL
vs
20 hrs
MI
Timeline
4-8 wks
AL
vs
4-8 wks
MI

Side-by-Side Comparison

Category Alabama Michigan
Total Fees $266.25 $471.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $75 $100
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Alabama is $205 cheaper for total licensing fees.

Winner: Alabama

Category Winners

Lower Cost
Alabama $266.25
vs Michigan ($471.25)
Fewer Hours
Alabama 20 hrs
vs Michigan (20 hrs)
Faster Processing
Alabama 4-8 wks
vs Michigan (4-8 wks)

Alabama

Alabama State Banking Department

Official Website →

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Compare More States

Compare Alabama MLO License

Compare Michigan MLO License