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Michigan vs North Carolina for MLO Licensing

Total Fees
$471.25
MI
vs
$316
NC
Pre-Licensing
20 hrs
MI
vs
24 hrs
NC
Timeline
4-8 wks
MI
vs
4-8 wks
NC

Side-by-Side Comparison

Category Michigan North Carolina
Total Fees $471.25 $316
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $125
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

North Carolina is $155.25 cheaper for total licensing fees.

Winner: North Carolina

Education Hours

Michigan requires only 20 pre-licensing hours.

Winner: Michigan

Category Winners

Lower Cost
North Carolina $316
vs Michigan ($471.25)
Fewer Hours
Michigan 20 hrs
vs North Carolina (24 hrs)
Faster Processing
Michigan 4-8 wks
vs North Carolina (4-8 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

North Carolina

North Carolina Office of the Commissioner of Banks

Official Website →

Compare More States

Compare Michigan MLO License

Compare North Carolina MLO License