Minnesota vs New Mexico for MLO Licensing
Total Fees
$281.25
MN
vs
$341.25
NM
Pre-Licensing
20 hrs
MN
vs
20 hrs
NM
Timeline
4-8 wks
MN
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | Minnesota | New Mexico |
|---|---|---|
| Total Fees | $281.25 ✓ | $341.25 |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 4-8 weeks ✓ | 6-12 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $50 ✓ | $150 |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
Minnesota is $60 cheaper for total licensing fees.
Winner: Minnesota
→
Processing Speed
Minnesota processes applications in 4-8 weeks.
Winner: Minnesota
Category Winners
Lower Cost
Minnesota $281.25
vs New Mexico ($341.25)
Fewer Hours
Minnesota 20 hrs
vs New Mexico (20 hrs)
Faster Processing
Minnesota 4-8 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare Minnesota MLO License
MN vs AL MN vs AK MN vs AZ MN vs AR MN vs CA MN vs CO MN vs CT MN vs DE MN vs FL MN vs GA MN vs HI MN vs ID MN vs IL MN vs IN MN vs IA MN vs KS MN vs KY MN vs LA MN vs ME MN vs MD MN vs MA MN vs MI MN vs MS MN vs MO MN vs MT MN vs NE MN vs NV MN vs NH MN vs NJ MN vs NY MN vs NC MN vs ND MN vs OH MN vs OK MN vs OR MN vs PA MN vs RI MN vs SC MN vs SD MN vs TN MN vs TX MN vs UT MN vs VT MN vs VA MN vs WA MN vs WV MN vs WI MN vs WY
Compare New Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CA NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IL NM vs IN NM vs IA NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MS NM vs MO NM vs MT NM vs NE NM vs NV NM vs NH NM vs NJ NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY