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Indiana vs Mississippi for MLO Licensing

Total Fees
$291.25
IN
vs
$397.25
MS
Pre-Licensing
20 hrs
IN
vs
24 hrs
MS
Timeline
4-8 wks
IN
vs
8-16 wks
MS

Side-by-Side Comparison

Category Indiana Mississippi
Total Fees $291.25 $397.25
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $201
CE Hours 8 hrs 12 hrs
Reciprocity None None

Key Differences

Cost

Indiana is $106 cheaper for total licensing fees.

Winner: Indiana

Education Hours

Indiana requires only 20 pre-licensing hours.

Winner: Indiana

Processing Speed

Indiana processes applications in 4-8 weeks.

Winner: Indiana

Category Winners

Lower Cost
Indiana $291.25
vs Mississippi ($397.25)
Fewer Hours
Indiana 20 hrs
vs Mississippi (24 hrs)
Faster Processing
Indiana 4-8 wks
vs Mississippi (8-16 wks)

Indiana

Indiana Department of Financial Institutions

Official Website →

Mississippi

Mississippi Department of Banking and Consumer Finance

Official Website →

Compare More States

Compare Indiana MLO License

Compare Mississippi MLO License