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Iowa vs New York for MLO Licensing

Total Fees
$241.25
IA
vs
$455.5
NY
Pre-Licensing
20 hrs
IA
vs
20 hrs
NY
Timeline
4-8 wks
IA
vs
8-16 wks
NY

Side-by-Side Comparison

Category Iowa New York
Total Fees $241.25 $455.5
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $254
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $214.25 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 York ($455.5)
Fewer Hours
Iowa 20 hrs
vs New York (20 hrs)
Faster Processing
Iowa 4-8 wks
vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

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