Illinois vs Wyoming for MLO Licensing

Total Fees

$391.25

IL

vs

$311.25

WY

Pre-Licensing

20 hrs

IL

vs

20 hrs

WY

Timeline

4-8 wks

IL

vs

4-8 wks

WY

Side-by-Side Comparison

Category	Illinois	Wyoming
Total Fees	$391.25	$311.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$120 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Wyoming is $80 cheaper for total licensing fees.

Winner: Wyoming

Category Winners

Lower Cost

Wyoming $311.25

vs Illinois ($391.25)

Fewer Hours

Illinois 20 hrs

vs Wyoming (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Wyoming (4-8 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

Wyoming

Wyoming Division of Banking

Official Website →

Full Wyoming MLO requirements →

Compare More States

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