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California vs South Dakota for MLO Licensing

Total Fees
$491
CA
vs
$341.25
SD
Pre-Licensing
20 hrs
CA
vs
20 hrs
SD
Timeline
4-8 wks
CA
vs
6-12 wks
SD

Side-by-Side Comparison

Category California South Dakota
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

South Dakota is $149.75 cheaper for total licensing fees.

Winner: South Dakota

Processing Speed

California processes applications in 4-8 weeks.

Winner: California

Category Winners

Lower Cost
South Dakota $341.25
vs California ($491)
Fewer Hours
California 20 hrs
vs South Dakota (20 hrs)
Faster Processing
California 4-8 wks
vs South Dakota (6-12 wks)

California

California Department of Financial Protection and Innovation

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare California MLO License

Compare South Dakota MLO License