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Maine vs Michigan for MLO Licensing

Total Fees
$271.25
ME
vs
$471.25
MI
Pre-Licensing
20 hrs
ME
vs
20 hrs
MI
Timeline
8-16 wks
ME
vs
4-8 wks
MI

Side-by-Side Comparison

Category Maine Michigan
Total Fees $271.25 $471.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $80 $100
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Maine is $200 cheaper for total licensing fees.

Winner: Maine

Processing Speed

Michigan processes applications in 4-8 weeks.

Winner: Michigan

Category Winners

Lower Cost
Maine $271.25
vs Michigan ($471.25)
Fewer Hours
Maine 20 hrs
vs Michigan (20 hrs)
Faster Processing
Michigan 4-8 wks
vs Maine (8-16 wks)

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Compare More States

Compare Maine MLO License

Compare Michigan MLO License