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Michigan vs Virginia for MLO Licensing

Total Fees
$471.25
MI
vs
$341.25
VA
Pre-Licensing
20 hrs
MI
vs
20 hrs
VA
Timeline
4-8 wks
MI
vs
6-14 wks
VA

Side-by-Side Comparison

Category Michigan Virginia
Total Fees $471.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $100 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Virginia is $130 cheaper for total licensing fees.

Winner: Virginia

Processing Speed

Michigan processes applications in 4-8 weeks.

Winner: Michigan

Category Winners

Lower Cost
Virginia $341.25
vs Michigan ($471.25)
Fewer Hours
Michigan 20 hrs
vs Virginia (20 hrs)
Faster Processing
Michigan 4-8 wks
vs Virginia (6-14 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare Michigan MLO License

Compare Virginia MLO License