Maine vs New York for MLO Licensing

Total Fees

$271.25

ME

vs

$455.5

NY

Pre-Licensing

20 hrs

ME

vs

20 hrs

NY

Timeline

8-16 wks

ME

vs

8-16 wks

NY

Side-by-Side Comparison

Category	Maine	New York
Total Fees	$271.25 ✓	$455.5
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	8-16 weeks	8-16 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$80 ✓	$254
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Maine is $184.25 cheaper for total licensing fees.

Winner: Maine

Category Winners

Lower Cost

Maine $271.25

vs New York ($455.5)

Fewer Hours

Maine 20 hrs

vs New York (20 hrs)

Faster Processing

Maine 8-16 wks

vs New York (8-16 wks)

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Full Maine MLO requirements →

New York

New York Department of Financial Services

Official Website →

Full New York MLO requirements →

Compare More States

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