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Connecticut vs New Jersey for MLO Licensing

Total Fees
$491.25
CT
vs
$346.25
NJ
Pre-Licensing
21 hrs
CT
vs
20 hrs
NJ
Timeline
4-8 wks
CT
vs
8-16 wks
NJ

Side-by-Side Comparison

Category Connecticut New Jersey
Total Fees $491.25 $346.25
Pre-Licensing Hours 21 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 $145 cheaper for total licensing fees.

Winner: New Jersey

Education Hours

New Jersey requires only 20 pre-licensing hours.

Winner: New Jersey

Processing Speed

Connecticut processes applications in 4-8 weeks.

Winner: Connecticut

Category Winners

Lower Cost
New Jersey $346.25
vs Connecticut ($491.25)
Fewer Hours
New Jersey 20 hrs
vs Connecticut (21 hrs)
Faster Processing
Connecticut 4-8 wks
vs New Jersey (8-16 wks)

Connecticut

Connecticut Department of Banking

Official Website →

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare Connecticut MLO License

Compare New Jersey MLO License