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Illinois vs South Carolina for MLO Licensing

Total Fees
$391.25
IL
vs
$246.25
SC
Pre-Licensing
20 hrs
IL
vs
23 hrs
SC
Timeline
4-8 wks
IL
vs
4-8 wks
SC

Side-by-Side Comparison

Category Illinois South Carolina
Total Fees $391.25 $246.25
Pre-Licensing Hours 20 hrs 23 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $200 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

South Carolina is $145 cheaper for total licensing fees.

Winner: South Carolina

Education Hours

Illinois requires only 20 pre-licensing hours.

Winner: Illinois

Category Winners

Lower Cost
South Carolina $246.25
vs Illinois ($391.25)
Fewer Hours
Illinois 20 hrs
vs South Carolina (23 hrs)
Faster Processing
Illinois 4-8 wks
vs South Carolina (4-8 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

South Carolina

South Carolina Office of the Commissioner of Consumer Finance

Official Website →

Compare More States

Compare Illinois MLO License

Compare South Carolina MLO License