Skip to content

Connecticut vs New Mexico for MLO Licensing

Total Fees
$491.25
CT
vs
$341.25
NM
Pre-Licensing
21 hrs
CT
vs
20 hrs
NM
Timeline
4-8 wks
CT
vs
6-12 wks
NM

Side-by-Side Comparison

Category Connecticut New Mexico
Total Fees $491.25 $341.25
Pre-Licensing Hours 21 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 $150 cheaper for total licensing fees.

Winner: New Mexico

Education Hours

New Mexico requires only 20 pre-licensing hours.

Winner: New Mexico

Processing Speed

Connecticut processes applications in 4-8 weeks.

Winner: Connecticut

Category Winners

Lower Cost
New Mexico $341.25
vs Connecticut ($491.25)
Fewer Hours
New Mexico 20 hrs
vs Connecticut (21 hrs)
Faster Processing
Connecticut 4-8 wks
vs New Mexico (6-12 wks)

Connecticut

Connecticut Department of Banking

Official Website →

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Compare More States

Compare Connecticut MLO License

Compare New Mexico MLO License