Arkansas vs Illinois for MLO Licensing

Total Fees

$241.25

$391.25

Pre-Licensing

20 hrs

Timeline

8-16 wks

4-8 wks

Side-by-Side Comparison

Category	Arkansas	Illinois
Total Fees	$241.25 ✓	$391.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	8-16 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$50 ✓	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Arkansas is $150 cheaper for total licensing fees.

Winner: Arkansas

→

Processing Speed

Illinois processes applications in 4-8 weeks.

Winner: Illinois

Category Winners

Lower Cost

Arkansas $241.25

vs Illinois ($391.25)

Fewer Hours

Arkansas 20 hrs

vs Illinois (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Arkansas (8-16 wks)

Arkansas

Arkansas Securities Department

Official Website →

Full Arkansas MLO requirements →

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

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