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Connecticut vs South Dakota for MLO Licensing

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

Side-by-Side Comparison

Category Connecticut South Dakota
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

South Dakota is $150 cheaper for total licensing fees.

Winner: South Dakota

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

Connecticut processes applications in 4-8 weeks.

Winner: Connecticut

Category Winners

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

Connecticut

Connecticut Department of Banking

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare Connecticut MLO License

Compare South Dakota MLO License