California vs New Mexico for MLO Licensing
Total Fees
$491
CA
vs
$341.25
NM
Pre-Licensing
20 hrs
CA
vs
20 hrs
NM
Timeline
4-8 wks
CA
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | California | New Mexico |
|---|---|---|
| Total Fees | $491 | $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 | $300 | $150 ✓ |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $149.75 cheaper for total licensing fees.
Winner: New Mexico
→
Processing Speed
California processes applications in 4-8 weeks.
Winner: California
Category Winners
Lower Cost
New Mexico $341.25
vs California ($491)
Fewer Hours
California 20 hrs
vs New Mexico (20 hrs)
Faster Processing
California 4-8 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare California MLO License
CA vs AL CA vs AK CA vs AZ CA vs AR CA vs CO CA vs CT CA vs DE CA vs FL CA vs GA CA vs HI CA vs ID CA vs IL CA vs IN CA vs IA CA vs KS CA vs KY CA vs LA CA vs ME CA vs MD CA vs MA CA vs MI CA vs MN CA vs MS CA vs MO CA vs MT CA vs NE CA vs NV CA vs NH CA vs NJ CA vs NY CA vs NC CA vs ND CA vs OH CA vs OK CA vs OR CA vs PA CA vs RI CA vs SC CA vs SD CA vs TN CA vs TX CA vs UT CA vs VT CA vs VA CA vs WA CA vs WV CA vs WI CA vs WY
Compare New Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IL NM vs IN NM vs IA NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MN NM vs MS NM vs MO NM vs MT NM vs NE NM vs NV NM vs NH NM vs NJ NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY