Skip to content

Massachusetts vs South Dakota for MLO Licensing

Total Fees
$691.25
MA
vs
$341.25
SD
Pre-Licensing
23 hrs
MA
vs
20 hrs
SD
Timeline
8-16 wks
MA
vs
6-12 wks
SD

Side-by-Side Comparison

Category Massachusetts South Dakota
Total Fees $691.25 $341.25
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 8-16 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

South Dakota is $350 cheaper for total licensing fees.

Winner: South Dakota

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

South Dakota processes applications in 6-12 weeks.

Winner: South Dakota

Category Winners

Lower Cost
South Dakota $341.25
vs Massachusetts ($691.25)
Fewer Hours
South Dakota 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
South Dakota 6-12 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare South Dakota MLO License