Illinois vs Michigan for MLO Licensing

Total Fees

$391.25

IL

vs

$471.25

MI

Pre-Licensing

20 hrs

IL

vs

20 hrs

MI

Timeline

4-8 wks

IL

vs

4-8 wks

MI

Side-by-Side Comparison

Category	Illinois	Michigan
Total Fees	$391.25 ✓	$471.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$100 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Illinois is $80 cheaper for total licensing fees.

Winner: Illinois

Category Winners

Lower Cost

Illinois $391.25

vs Michigan ($471.25)

Fewer Hours

Illinois 20 hrs

vs Michigan (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Michigan (4-8 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Full Michigan MLO requirements →

Compare More States

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Compare Illinois MLO License

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