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Massachusetts vs North Dakota for MLO Licensing

Total Fees
$691.25
MA
vs
$266
ND
Pre-Licensing
23 hrs
MA
vs
20 hrs
ND
Timeline
8-16 wks
MA
vs
4-8 wks
ND

Side-by-Side Comparison

Category Massachusetts North Dakota
Total Fees $691.25 $266
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $75
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

North Dakota is $425.25 cheaper for total licensing fees.

Winner: North Dakota

Education Hours

North Dakota requires only 20 pre-licensing hours.

Winner: North Dakota

Processing Speed

North Dakota processes applications in 4-8 weeks.

Winner: North Dakota

Category Winners

Lower Cost
North Dakota $266
vs Massachusetts ($691.25)
Fewer Hours
North Dakota 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
North Dakota 4-8 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

North Dakota

North Dakota Department of Financial Institutions

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare North Dakota MLO License