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Massachusetts vs West Virginia for MLO Licensing

Total Fees
$691.25
MA
vs
$396.25
WV
Pre-Licensing
23 hrs
MA
vs
24 hrs
WV
Timeline
8-16 wks
MA
vs
4-8 wks
WV

Side-by-Side Comparison

Category Massachusetts West Virginia
Total Fees $691.25 $396.25
Pre-Licensing Hours 23 hrs 24 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $200
CE Hours 8 hrs 9 hrs
Reciprocity None None

Key Differences

Cost

West Virginia is $295 cheaper for total licensing fees.

Winner: West Virginia

Education Hours

Massachusetts requires only 23 pre-licensing hours.

Winner: Massachusetts

Processing Speed

West Virginia processes applications in 4-8 weeks.

Winner: West Virginia

Category Winners

Lower Cost
West Virginia $396.25
vs Massachusetts ($691.25)
Fewer Hours
Massachusetts 23 hrs
vs West Virginia (24 hrs)
Faster Processing
West Virginia 4-8 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

West Virginia

West Virginia Division of Financial Institutions

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare West Virginia MLO License