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Maryland vs New York for MLO Licensing

Total Fees
$416.25
MD
vs
$455.5
NY
Pre-Licensing
24 hrs
MD
vs
20 hrs
NY
Timeline
4-8 wks
MD
vs
8-16 wks
NY

Side-by-Side Comparison

Category Maryland New York
Total Fees $416.25 $455.5
Pre-Licensing Hours 24 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $225 $254
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Maryland is $39.25 cheaper for total licensing fees.

Winner: Maryland

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

Processing Speed

Maryland processes applications in 4-8 weeks.

Winner: Maryland

Category Winners

Lower Cost
Maryland $416.25
vs New York ($455.5)
Fewer Hours
New York 20 hrs
vs Maryland (24 hrs)
Faster Processing
Maryland 4-8 wks
vs New York (8-16 wks)

Maryland

Maryland Office of Financial Regulation

Official Website →

New York

New York Department of Financial Services

Official Website →

Compare More States

Compare Maryland MLO License

Compare New York MLO License