Illinois vs Nevada for MLO Licensing

Total Fees

$391.25

$336.25

Pre-Licensing

20 hrs

30 hrs

Timeline

4-8 wks

6-12 wks

Side-by-Side Comparison

Category	Illinois	Nevada
Total Fees	$391.25	$336.25 ✓
Pre-Licensing Hours	20 hrs ✓	30 hrs
Processing Time	4-8 weeks ✓	6-12 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$145 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Nevada is $55 cheaper for total licensing fees.

Winner: Nevada

→

Education Hours

Illinois requires only 20 pre-licensing hours.

Winner: Illinois

→

Processing Speed

Illinois processes applications in 4-8 weeks.

Winner: Illinois

Category Winners

Lower Cost

Nevada $336.25

vs Illinois ($391.25)

Fewer Hours

Illinois 20 hrs

vs Nevada (30 hrs)

Faster Processing

Illinois 4-8 wks

vs Nevada (6-12 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Nevada

Nevada Division of Mortgage Lending

Official Website →

Full Nevada MLO requirements →

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