Iowa vs Oklahoma for MLO Licensing

Total Fees

$241.25

IA

vs

$291

OK

Pre-Licensing

20 hrs

IA

vs

20 hrs

OK

Timeline

4-8 wks

IA

vs

4-8 wks

OK

Side-by-Side Comparison

Category	Iowa	Oklahoma
Total Fees	$241.25 ✓	$291
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$50 ✓	$100
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Iowa is $49.75 cheaper for total licensing fees.

Winner: Iowa

Category Winners

Lower Cost

Iowa $241.25

vs Oklahoma ($291)

Fewer Hours

Iowa 20 hrs

vs Oklahoma (20 hrs)

Faster Processing

Iowa 4-8 wks

vs Oklahoma (4-8 wks)

Iowa

Iowa Division of Banking

Official Website →

Full Iowa MLO requirements →

Oklahoma

Oklahoma Department of Consumer Credit

Official Website →

Full Oklahoma MLO requirements →

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