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Arkansas vs New Mexico for MLO Licensing

Total Fees
$241.25
AR
vs
$341.25
NM
Pre-Licensing
20 hrs
AR
vs
20 hrs
NM
Timeline
8-16 wks
AR
vs
6-12 wks
NM

Side-by-Side Comparison

Category Arkansas New Mexico
Total Fees $241.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Arkansas is $100 cheaper for total licensing fees.

Winner: Arkansas

Processing Speed

New Mexico processes applications in 6-12 weeks.

Winner: New Mexico

Category Winners

Lower Cost
Arkansas $241.25
vs New Mexico ($341.25)
Fewer Hours
Arkansas 20 hrs
vs New Mexico (20 hrs)
Faster Processing
New Mexico 6-12 wks
vs Arkansas (8-16 wks)

Arkansas

Arkansas Securities Department

Official Website →

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Compare More States

Compare Arkansas MLO License

Compare New Mexico MLO License