Skip to content

Massachusetts vs Michigan for MLO Licensing

Total Fees
$691.25
MA
vs
$471.25
MI
Pre-Licensing
23 hrs
MA
vs
20 hrs
MI
Timeline
8-16 wks
MA
vs
4-8 wks
MI

Side-by-Side Comparison

Category Massachusetts Michigan
Total Fees $691.25 $471.25
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $100
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Michigan is $220 cheaper for total licensing fees.

Winner: Michigan

Education Hours

Michigan requires only 20 pre-licensing hours.

Winner: Michigan

Processing Speed

Michigan processes applications in 4-8 weeks.

Winner: Michigan

Category Winners

Lower Cost
Michigan $471.25
vs Massachusetts ($691.25)
Fewer Hours
Michigan 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
Michigan 4-8 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare Michigan MLO License