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Iowa vs Montana for MLO Licensing

Total Fees
$241.25
IA
vs
$591.25
MT
Pre-Licensing
20 hrs
IA
vs
22 hrs
MT
Timeline
4-8 wks
IA
vs
3-6 wks
MT

Side-by-Side Comparison

Category Iowa Montana
Total Fees $241.25 $591.25
Pre-Licensing Hours 20 hrs 22 hrs
Processing Time 4-8 weeks 3-6 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $400
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $350 cheaper for total licensing fees.

Winner: Iowa

Education Hours

Iowa requires only 20 pre-licensing hours.

Winner: Iowa

Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost
Iowa $241.25
vs Montana ($591.25)
Fewer Hours
Iowa 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs Iowa (4-8 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

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Compare Iowa MLO License

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