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Maryland vs South Dakota for MLO Licensing

Total Fees
$416.25
MD
vs
$341.25
SD
Pre-Licensing
24 hrs
MD
vs
20 hrs
SD
Timeline
4-8 wks
MD
vs
6-12 wks
SD

Side-by-Side Comparison

Category Maryland South Dakota
Total Fees $416.25 $341.25
Pre-Licensing Hours 24 hrs 20 hrs
Processing Time 4-8 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $225 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

South Dakota is $75 cheaper for total licensing fees.

Winner: South Dakota

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

Maryland processes applications in 4-8 weeks.

Winner: Maryland

Category Winners

Lower Cost
South Dakota $341.25
vs Maryland ($416.25)
Fewer Hours
South Dakota 20 hrs
vs Maryland (24 hrs)
Faster Processing
Maryland 4-8 wks
vs South Dakota (6-12 wks)

Maryland

Maryland Office of Financial Regulation

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare Maryland MLO License

Compare South Dakota MLO License