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Michigan vs South Carolina for MLO Licensing

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

Side-by-Side Comparison

Category Michigan South Carolina
Total Fees $471.25 $246.25
Pre-Licensing Hours 20 hrs 23 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

South Carolina is $225 cheaper for total licensing fees.

Winner: South Carolina

Education Hours

Michigan requires only 20 pre-licensing hours.

Winner: Michigan

Category Winners

Lower Cost
South Carolina $246.25
vs Michigan ($471.25)
Fewer Hours
Michigan 20 hrs
vs South Carolina (23 hrs)
Faster Processing
Michigan 4-8 wks
vs South Carolina (4-8 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

South Carolina

South Carolina Office of the Commissioner of Consumer Finance

Official Website →

Compare More States

Compare Michigan MLO License

Compare South Carolina MLO License