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Maryland vs Virginia for MLO Licensing

Total Fees
$416.25
MD
vs
$341.25
VA
Pre-Licensing
24 hrs
MD
vs
20 hrs
VA
Timeline
4-8 wks
MD
vs
6-14 wks
VA

Side-by-Side Comparison

Category Maryland Virginia
Total Fees $416.25 $341.25
Pre-Licensing Hours 24 hrs 20 hrs
Processing Time 4-8 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $225 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Virginia is $75 cheaper for total licensing fees.

Winner: Virginia

Education Hours

Virginia requires only 20 pre-licensing hours.

Winner: Virginia

Processing Speed

Maryland processes applications in 4-8 weeks.

Winner: Maryland

Category Winners

Lower Cost
Virginia $341.25
vs Maryland ($416.25)
Fewer Hours
Virginia 20 hrs
vs Maryland (24 hrs)
Faster Processing
Maryland 4-8 wks
vs Virginia (6-14 wks)

Maryland

Maryland Office of Financial Regulation

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare Maryland MLO License

Compare Virginia MLO License