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Michigan vs Rhode Island for MLO Licensing

Total Fees
$471.25
MI
vs
$791.25
RI
Pre-Licensing
20 hrs
MI
vs
20 hrs
RI
Timeline
4-8 wks
MI
vs
4-8 wks
RI

Side-by-Side Comparison

Category Michigan Rhode Island
Total Fees $471.25 $791.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $600
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Michigan is $320 cheaper for total licensing fees.

Winner: Michigan

Category Winners

Lower Cost
Michigan $471.25
vs Rhode Island ($791.25)
Fewer Hours
Michigan 20 hrs
vs Rhode Island (20 hrs)
Faster Processing
Michigan 4-8 wks
vs Rhode Island (4-8 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Compare More States

Compare Michigan MLO License

Compare Rhode Island MLO License