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California vs Minnesota for MLO Licensing

Total Fees
$491
CA
vs
$281.25
MN
Pre-Licensing
20 hrs
CA
vs
20 hrs
MN
Timeline
4-8 wks
CA
vs
4-8 wks
MN

Side-by-Side Comparison

Category California Minnesota
Total Fees $491 $281.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $300 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $209.75 cheaper for total licensing fees.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs California ($491)
Fewer Hours
California 20 hrs
vs Minnesota (20 hrs)
Faster Processing
California 4-8 wks
vs Minnesota (4-8 wks)

California

California Department of Financial Protection and Innovation

Official Website →

Minnesota

Minnesota Department of Commerce

Official Website →

Compare More States

Compare California MLO License

Compare Minnesota MLO License