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Alabama vs New Jersey for MLO Licensing

Total Fees
$266.25
AL
vs
$346.25
NJ
Pre-Licensing
20 hrs
AL
vs
20 hrs
NJ
Timeline
4-8 wks
AL
vs
8-16 wks
NJ

Side-by-Side Comparison

Category Alabama New Jersey
Total Fees $266.25 $346.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $75 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Alabama is $80 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 New Jersey ($346.25)
Fewer Hours
Alabama 20 hrs
vs New Jersey (20 hrs)
Faster Processing
Alabama 4-8 wks
vs New Jersey (8-16 wks)

Alabama

Alabama State Banking Department

Official Website →

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare Alabama MLO License

Compare New Jersey MLO License