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Alabama vs New York for MLO Licensing

Total Fees
$266.25
AL
vs
$455.5
NY
Pre-Licensing
20 hrs
AL
vs
20 hrs
NY
Timeline
4-8 wks
AL
vs
8-16 wks
NY

Side-by-Side Comparison

Category Alabama New York
Total Fees $266.25 $455.5
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $75 $254
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Alabama is $189.25 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 York ($455.5)
Fewer Hours
Alabama 20 hrs
vs New York (20 hrs)
Faster Processing
Alabama 4-8 wks
vs New York (8-16 wks)

Alabama

Alabama State Banking Department

Official Website →

New York

New York Department of Financial Services

Official Website →

Compare More States

Compare Alabama MLO License

Compare New York MLO License