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Kentucky vs New Mexico for MLO Licensing

Total Fees
$241.25
KY
vs
$341.25
NM
Pre-Licensing
20 hrs
KY
vs
20 hrs
NM
Timeline
8-16 wks
KY
vs
6-12 wks
NM

Side-by-Side Comparison

Category Kentucky New Mexico
Total Fees $241.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 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

Kentucky is $100 cheaper for total licensing fees.

Winner: Kentucky

Processing Speed

New Mexico processes applications in 6-12 weeks.

Winner: New Mexico

Category Winners

Lower Cost
Kentucky $241.25
vs New Mexico ($341.25)
Fewer Hours
Kentucky 20 hrs
vs New Mexico (20 hrs)
Faster Processing
New Mexico 6-12 wks
vs Kentucky (8-16 wks)

Kentucky

Kentucky Department of Financial Institutions

Official Website →

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Compare More States

Compare Kentucky MLO License

Compare New Mexico MLO License