Skip to content

Michigan vs New York for MLO Licensing

Total Fees
$471.25
MI
vs
$455.5
NY
Pre-Licensing
20 hrs
MI
vs
20 hrs
NY
Timeline
4-8 wks
MI
vs
8-16 wks
NY

Side-by-Side Comparison

Category Michigan New York
Total Fees $471.25 $455.5
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $254
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New York is $15.75 cheaper for total licensing fees.

Winner: New York

Processing Speed

Michigan processes applications in 4-8 weeks.

Winner: Michigan

Category Winners

Lower Cost
New York $455.5
vs Michigan ($471.25)
Fewer Hours
Michigan 20 hrs
vs New York (20 hrs)
Faster Processing
Michigan 4-8 wks
vs New York (8-16 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

New York

New York Department of Financial Services

Official Website →

Compare More States

Compare Michigan MLO License

Compare New York MLO License