Alaska vs Illinois for MLO Licensing

Total Fees

$541.25

AK

vs

$391.25

IL

Pre-Licensing

20 hrs

AK

vs

20 hrs

IL

Timeline

4-8 wks

AK

vs

4-8 wks

IL

Side-by-Side Comparison

Category	Alaska	Illinois
Total Fees	$541.25	$391.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$350	$200 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Illinois is $150 cheaper for total licensing fees.

Winner: Illinois

Category Winners

Lower Cost

Illinois $391.25

vs Alaska ($541.25)

Fewer Hours

Alaska 20 hrs

vs Illinois (20 hrs)

Faster Processing

Alaska 4-8 wks

vs Illinois (4-8 wks)

Alaska

Alaska Division of Banking and Securities

Official Website →

Full Alaska MLO requirements →

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Compare More States

All MLO Comparisons Interactive Tool

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Compare Illinois MLO License