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Massachusetts vs Wyoming for MLO Licensing

Total Fees
$691.25
MA
vs
$311.25
WY
Pre-Licensing
23 hrs
MA
vs
20 hrs
WY
Timeline
8-16 wks
MA
vs
4-8 wks
WY

Side-by-Side Comparison

Category Massachusetts Wyoming
Total Fees $691.25 $311.25
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $500 $120
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Wyoming is $380 cheaper for total licensing fees.

Winner: Wyoming

Education Hours

Wyoming requires only 20 pre-licensing hours.

Winner: Wyoming

Processing Speed

Wyoming processes applications in 4-8 weeks.

Winner: Wyoming

Category Winners

Lower Cost
Wyoming $311.25
vs Massachusetts ($691.25)
Fewer Hours
Wyoming 20 hrs
vs Massachusetts (23 hrs)
Faster Processing
Wyoming 4-8 wks
vs Massachusetts (8-16 wks)

Massachusetts

Massachusetts Division of Banks

Official Website →

Wyoming

Wyoming Division of Banking

Official Website →

Compare More States

Compare Massachusetts MLO License

Compare Wyoming MLO License