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Massachusetts vs Virginia for MLO Licensing

Total Fees
$691.25
MA
vs
$341.25
VA
Pre-Licensing
23 hrs
MA
vs
20 hrs
VA
Timeline
8-16 wks
MA
vs
6-14 wks
VA

Side-by-Side Comparison

Category Massachusetts Virginia
Total Fees $691.25 $341.25
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 8-16 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Virginia is $350 cheaper for total licensing fees.

Winner: Virginia

Education Hours

Virginia requires only 20 pre-licensing hours.

Winner: Virginia

Processing Speed

Virginia processes applications in 6-14 weeks.

Winner: Virginia

Category Winners

Lower Cost
Virginia $341.25
vs Massachusetts ($691.25)
Fewer Hours
Virginia 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
Virginia 6-14 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare Virginia MLO License