Illinois vs Iowa for MLO Licensing

Total Fees

$391.25

IL

vs

$241.25

IA

Pre-Licensing

20 hrs

IL

vs

20 hrs

IA

Timeline

4-8 wks

IL

vs

4-8 wks

IA

Side-by-Side Comparison

Category	Illinois	Iowa
Total Fees	$391.25	$241.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$50 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Iowa is $150 cheaper for total licensing fees.

Winner: Iowa

Category Winners

Lower Cost

Iowa $241.25

vs Illinois ($391.25)

Fewer Hours

Illinois 20 hrs

vs Iowa (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Iowa (4-8 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Iowa

Iowa Division of Banking

Official Website →

Full Iowa MLO requirements →

Compare More States

All MLO Comparisons Interactive Tool

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Compare Iowa MLO License