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Alabama vs Mississippi for MLO Licensing

Total Fees
$266.25
AL
vs
$397.25
MS
Pre-Licensing
20 hrs
AL
vs
24 hrs
MS
Timeline
4-8 wks
AL
vs
8-16 wks
MS

Side-by-Side Comparison

Category Alabama Mississippi
Total Fees $266.25 $397.25
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $75 $201
CE Hours 8 hrs 12 hrs
Reciprocity None None

Key Differences

Cost

Alabama is $131 cheaper for total licensing fees.

Winner: Alabama

Education Hours

Alabama requires only 20 pre-licensing hours.

Winner: Alabama

Processing Speed

Alabama processes applications in 4-8 weeks.

Winner: Alabama

Category Winners

Lower Cost
Alabama $266.25
vs Mississippi ($397.25)
Fewer Hours
Alabama 20 hrs
vs Mississippi (24 hrs)
Faster Processing
Alabama 4-8 wks
vs Mississippi (8-16 wks)

Alabama

Alabama State Banking Department

Official Website →

Mississippi

Mississippi Department of Banking and Consumer Finance

Official Website →

Compare More States

Compare Alabama MLO License

Compare Mississippi MLO License