Illinois vs Maine for MLO Licensing

Total Fees

$391.25

$271.25

Pre-Licensing

20 hrs

Timeline

4-8 wks

8-16 wks

Side-by-Side Comparison

Category	Illinois	Maine
Total Fees	$391.25	$271.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks ✓	8-16 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$80 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Maine is $120 cheaper for total licensing fees.

Winner: Maine

→

Processing Speed

Illinois processes applications in 4-8 weeks.

Winner: Illinois

Category Winners

Lower Cost

Maine $271.25

vs Illinois ($391.25)

Fewer Hours

Illinois 20 hrs

vs Maine (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Maine (8-16 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Full Maine MLO requirements →

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