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Minnesota vs North Carolina for MLO Licensing

Total Fees
$281.25
MN
vs
$316
NC
Pre-Licensing
20 hrs
MN
vs
24 hrs
NC
Timeline
4-8 wks
MN
vs
4-8 wks
NC

Side-by-Side Comparison

Category Minnesota North Carolina
Total Fees $281.25 $316
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $125
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $34.75 cheaper for total licensing fees.

Winner: Minnesota

Education Hours

Minnesota requires only 20 pre-licensing hours.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs North Carolina ($316)
Fewer Hours
Minnesota 20 hrs
vs North Carolina (24 hrs)
Faster Processing
Minnesota 4-8 wks
vs North Carolina (4-8 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

North Carolina

North Carolina Office of the Commissioner of Banks

Official Website →

Compare More States

Compare Minnesota MLO License

Compare North Carolina MLO License