Iowa vs New Mexico for MLO Licensing
Total Fees
$241.25
IA
vs
$341.25
NM
Pre-Licensing
20 hrs
IA
vs
20 hrs
NM
Timeline
4-8 wks
IA
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | Iowa | New Mexico |
|---|---|---|
| Total Fees | $241.25 ✓ | $341.25 |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 4-8 weeks ✓ | 6-12 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $50 ✓ | $150 |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
Iowa is $100 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 New Mexico ($341.25)
Fewer Hours
Iowa 20 hrs
vs New Mexico (20 hrs)
Faster Processing
Iowa 4-8 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare Iowa MLO License
IA vs AL IA vs AK IA vs AZ IA vs AR IA vs CA IA vs CO IA vs CT IA vs DE IA vs FL IA vs GA IA vs HI IA vs ID IA vs IL IA vs IN IA vs KS IA vs KY IA vs LA IA vs ME IA vs MD IA vs MA IA vs MI IA vs MN IA vs MS IA vs MO IA vs MT IA vs NE IA vs NV IA vs NH IA vs NJ IA vs NY IA vs NC IA vs ND IA vs OH IA vs OK IA vs OR IA vs PA IA vs RI IA vs SC IA vs SD IA vs TN IA vs TX IA vs UT IA vs VT IA vs VA IA vs WA IA vs WV IA vs WI IA vs WY
Compare New Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CA NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IL NM vs IN NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MN NM vs MS NM vs MO NM vs MT NM vs NE NM vs NV NM vs NH NM vs NJ NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY