Iowa vs Tennessee for MLO Licensing

Total Fees

$241.25

IA

vs

$391.25

TN

Pre-Licensing

20 hrs

IA

vs

20 hrs

TN

Timeline

4-8 wks

IA

vs

4-8 wks

TN

Side-by-Side Comparison

Category	Iowa	Tennessee
Total Fees	$241.25 ✓	$391.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$50 ✓	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Iowa is $150 cheaper for total licensing fees.

Winner: Iowa

Category Winners

Lower Cost

Iowa $241.25

vs Tennessee ($391.25)

Fewer Hours

Iowa 20 hrs

vs Tennessee (20 hrs)

Faster Processing

Iowa 4-8 wks

vs Tennessee (4-8 wks)

Iowa

Iowa Division of Banking

Official Website →

Full Iowa MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

Compare More States

All MLO Comparisons Interactive Tool

Compare Iowa MLO License

Compare Tennessee MLO License