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Minnesota vs Mississippi for MLO Licensing

Total Fees
$281.25
MN
vs
$397.25
MS
Pre-Licensing
20 hrs
MN
vs
24 hrs
MS
Timeline
4-8 wks
MN
vs
8-16 wks
MS

Side-by-Side Comparison

Category Minnesota Mississippi
Total Fees $281.25 $397.25
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 4-8 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $201
CE Hours 8 hrs 12 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $116 cheaper for total licensing fees.

Winner: Minnesota

Education Hours

Minnesota requires only 20 pre-licensing hours.

Winner: Minnesota

Processing Speed

Minnesota processes applications in 4-8 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs Mississippi ($397.25)
Fewer Hours
Minnesota 20 hrs
vs Mississippi (24 hrs)
Faster Processing
Minnesota 4-8 wks
vs Mississippi (8-16 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

Mississippi

Mississippi Department of Banking and Consumer Finance

Official Website →

Compare More States

Compare Minnesota MLO License

Compare Mississippi MLO License