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Alaska vs New Mexico for MLO Licensing

Total Fees
$541.25
AK
vs
$341.25
NM
Pre-Licensing
20 hrs
AK
vs
20 hrs
NM
Timeline
4-8 wks
AK
vs
6-12 wks
NM

Side-by-Side Comparison

Category Alaska New Mexico
Total Fees $541.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $350 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Mexico is $200 cheaper for total licensing fees.

Winner: New Mexico

Processing Speed

Alaska processes applications in 4-8 weeks.

Winner: Alaska

Category Winners

Lower Cost
New Mexico $341.25
vs Alaska ($541.25)
Fewer Hours
Alaska 20 hrs
vs New Mexico (20 hrs)
Faster Processing
Alaska 4-8 wks
vs New Mexico (6-12 wks)

Alaska

Alaska Division of Banking and Securities

Official Website →

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Compare More States

Compare Alaska MLO License

Compare New Mexico MLO License