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Iowa vs Massachusetts for MLO Licensing

Total Fees
$241.25
IA
vs
$691.25
MA
Pre-Licensing
20 hrs
IA
vs
23 hrs
MA
Timeline
4-8 wks
IA
vs
8-16 wks
MA

Side-by-Side Comparison

Category Iowa Massachusetts
Total Fees $241.25 $691.25
Pre-Licensing Hours 20 hrs 23 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $500
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $450 cheaper for total licensing fees.

Winner: Iowa

Education Hours

Iowa requires only 20 pre-licensing hours.

Winner: Iowa

Processing Speed

Iowa processes applications in 4-8 weeks.

Winner: Iowa

Category Winners

Lower Cost
Iowa $241.25
vs Massachusetts ($691.25)
Fewer Hours
Iowa 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
Iowa 4-8 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

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Compare Iowa MLO License

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