Florida vs Mississippi for MLO Licensing

Total Fees

$410.25

$397.25

Pre-Licensing

20 hrs

24 hrs

Timeline

4-8 wks

8-16 wks

Side-by-Side Comparison

Category	Florida	Mississippi
Total Fees	$410.25	$397.25 ✓
Pre-Licensing Hours	20 hrs ✓	24 hrs
Processing Time	4-8 weeks ✓	8-16 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$195 ✓	$201
CE Hours	8 hrs ✓	12 hrs
Reciprocity	None	None

Key Differences

→

Cost

Mississippi is $13 cheaper for total licensing fees.

Winner: Mississippi

→

Education Hours

Florida requires only 20 pre-licensing hours.

Winner: Florida

→

Processing Speed

Florida processes applications in 4-8 weeks.

Winner: Florida

Category Winners

Lower Cost

Mississippi $397.25

vs Florida ($410.25)

Fewer Hours

Florida 20 hrs

vs Mississippi (24 hrs)

Faster Processing

Florida 4-8 wks

vs Mississippi (8-16 wks)

Florida

Florida Office of Financial Regulation

Official Website →

Full Florida MLO requirements →

Mississippi

Mississippi Department of Banking and Consumer Finance

Official Website →

Full Mississippi MLO requirements →

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