Illinois vs New Jersey for MLO Licensing
Total Fees
$391.25
IL
vs
$346.25
NJ
Pre-Licensing
20 hrs
IL
vs
20 hrs
NJ
Timeline
4-8 wks
IL
vs
8-16 wks
NJ
Side-by-Side Comparison
| Category | Illinois | New Jersey |
|---|---|---|
| Total Fees | $391.25 | $346.25 ✓ |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 4-8 weeks ✓ | 8-16 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $200 | $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
→
Processing Speed
Illinois processes applications in 4-8 weeks.
Winner: Illinois
Category Winners
Lower Cost
New Jersey $346.25
vs Illinois ($391.25)
Fewer Hours
Illinois 20 hrs
vs New Jersey (20 hrs)
Faster Processing
Illinois 4-8 wks
vs New Jersey (8-16 wks)
Compare More States
Compare Illinois MLO License
IL vs AL IL vs AK IL vs AZ IL vs AR IL vs CA IL vs CO IL vs CT IL vs DE IL vs FL IL vs GA IL vs HI IL vs ID IL vs IN IL vs IA IL vs KS IL vs KY IL vs LA IL vs ME IL vs MD IL vs MA IL vs MI IL vs MN IL vs MS IL vs MO IL vs MT IL vs NE IL vs NV IL vs NH IL vs NM IL vs NY IL vs NC IL vs ND IL vs OH IL vs OK IL vs OR IL vs PA IL vs RI IL vs SC IL vs SD IL vs TN IL vs TX IL vs UT IL vs VT IL vs VA IL vs WA IL vs WV IL vs WI IL vs WY
Compare New Jersey MLO License
NJ vs AL NJ vs AK NJ vs AZ NJ vs AR NJ vs CA NJ vs CO NJ vs CT NJ vs DE NJ vs FL NJ vs GA NJ vs HI NJ vs ID NJ vs IN NJ vs IA NJ vs KS NJ vs KY NJ vs LA NJ vs ME NJ vs MD NJ vs MA NJ vs MI NJ vs MN NJ vs MS NJ vs MO NJ vs MT NJ vs NE NJ vs NV NJ vs NH NJ vs NM NJ vs NY NJ vs NC NJ vs ND NJ vs OH NJ vs OK NJ vs OR NJ vs PA NJ vs RI NJ vs SC NJ vs SD NJ vs TN NJ vs TX NJ vs UT NJ vs VT NJ vs VA NJ vs WA NJ vs WV NJ vs WI NJ vs WY