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Delaware vs New Jersey for MLO Licensing

Total Fees
$441.25
DE
vs
$346.25
NJ
Pre-Licensing
20 hrs
DE
vs
20 hrs
NJ
Timeline
4-8 wks
DE
vs
8-16 wks
NJ

Side-by-Side Comparison

Category Delaware New Jersey
Total Fees $441.25 $346.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $250 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Jersey is $95 cheaper for total licensing fees.

Winner: New Jersey

Processing Speed

Delaware processes applications in 4-8 weeks.

Winner: Delaware

Category Winners

Lower Cost
New Jersey $346.25
vs Delaware ($441.25)
Fewer Hours
Delaware 20 hrs
vs New Jersey (20 hrs)
Faster Processing
Delaware 4-8 wks
vs New Jersey (8-16 wks)

Delaware

Delaware Office of the State Bank Commissioner

Official Website →

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare Delaware MLO License

Compare New Jersey MLO License