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Idaho vs New Jersey for MLO Licensing

Total Fees
$391.25
ID
vs
$346.25
NJ
Pre-Licensing
22 hrs
ID
vs
20 hrs
NJ
Timeline
4-8 wks
ID
vs
8-16 wks
NJ

Side-by-Side Comparison

Category Idaho New Jersey
Total Fees $391.25 $346.25
Pre-Licensing Hours 22 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $200 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Jersey is $45 cheaper for total licensing fees.

Winner: New Jersey

Education Hours

New Jersey requires only 20 pre-licensing hours.

Winner: New Jersey

Processing Speed

Idaho processes applications in 4-8 weeks.

Winner: Idaho

Category Winners

Lower Cost
New Jersey $346.25
vs Idaho ($391.25)
Fewer Hours
New Jersey 20 hrs
vs Idaho (22 hrs)
Faster Processing
Idaho 4-8 wks
vs New Jersey (8-16 wks)

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare Idaho MLO License

Compare New Jersey MLO License