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California vs New Jersey for MLO Licensing

Total Fees
$491
CA
vs
$346.25
NJ
Pre-Licensing
20 hrs
CA
vs
20 hrs
NJ
Timeline
4-8 wks
CA
vs
8-16 wks
NJ

Side-by-Side Comparison

Category California New Jersey
Total Fees $491 $346.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $300 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Jersey is $144.75 cheaper for total licensing fees.

Winner: New Jersey

Processing Speed

California processes applications in 4-8 weeks.

Winner: California

Category Winners

Lower Cost
New Jersey $346.25
vs California ($491)
Fewer Hours
California 20 hrs
vs New Jersey (20 hrs)
Faster Processing
California 4-8 wks
vs New Jersey (8-16 wks)

California

California Department of Financial Protection and Innovation

Official Website →

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare California MLO License

Compare New Jersey MLO License