Iowa vs Maine for MLO Licensing

Total Fees

$241.25

$271.25

Pre-Licensing

20 hrs

Timeline

4-8 wks

8-16 wks

Side-by-Side Comparison

Category	Iowa	Maine
Total Fees	$241.25 ✓	$271.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks ✓	8-16 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$50 ✓	$80
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Iowa is $30 cheaper for total licensing fees.

Winner: Iowa

→

Processing Speed

Iowa processes applications in 4-8 weeks.

Winner: Iowa

Category Winners

Lower Cost

Iowa $241.25

vs Maine ($271.25)

Fewer Hours

Iowa 20 hrs

vs Maine (20 hrs)

Faster Processing

Iowa 4-8 wks

vs Maine (8-16 wks)

Iowa

Iowa Division of Banking

Official Website →

Full Iowa MLO requirements →

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Full Maine MLO requirements →

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