Illinois vs New Mexico for MLO Licensing
Total Fees
$391.25
IL
vs
$341.25
NM
Pre-Licensing
20 hrs
IL
vs
20 hrs
NM
Timeline
4-8 wks
IL
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | Illinois | New Mexico |
|---|---|---|
| Total Fees | $391.25 | $341.25 ✓ |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 4-8 weeks ✓ | 6-12 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $200 | $150 ✓ |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $50 cheaper for total licensing fees.
Winner: New Mexico
→
Processing Speed
Illinois processes applications in 4-8 weeks.
Winner: Illinois
Category Winners
Lower Cost
New Mexico $341.25
vs Illinois ($391.25)
Fewer Hours
Illinois 20 hrs
vs New Mexico (20 hrs)
Faster Processing
Illinois 4-8 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →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 NJ 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 Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CA NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IN NM vs IA NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MN NM vs MS NM vs MO NM vs MT NM vs NE NM vs NV NM vs NH NM vs NJ NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY