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Michigan vs Missouri for MLO Licensing

Total Fees
$471.25
MI
vs
$246.25
MO
Pre-Licensing
20 hrs
MI
vs
20 hrs
MO
Timeline
4-8 wks
MI
vs
8-16 wks
MO

Side-by-Side Comparison

Category Michigan Missouri
Total Fees $471.25 $246.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Missouri is $225 cheaper for total licensing fees.

Winner: Missouri

Processing Speed

Michigan processes applications in 4-8 weeks.

Winner: Michigan

Category Winners

Lower Cost
Missouri $246.25
vs Michigan ($471.25)
Fewer Hours
Michigan 20 hrs
vs Missouri (20 hrs)
Faster Processing
Michigan 4-8 wks
vs Missouri (8-16 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Missouri

Missouri Division of Finance

Official Website →

Compare More States

Compare Michigan MLO License

Compare Missouri MLO License