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Minnesota vs Rhode Island for MLO Licensing

Total Fees
$281.25
MN
vs
$791.25
RI
Pre-Licensing
20 hrs
MN
vs
20 hrs
RI
Timeline
4-8 wks
MN
vs
4-8 wks
RI

Side-by-Side Comparison

Category Minnesota Rhode Island
Total Fees $281.25 $791.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $600
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $510 cheaper for total licensing fees.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs Rhode Island ($791.25)
Fewer Hours
Minnesota 20 hrs
vs Rhode Island (20 hrs)
Faster Processing
Minnesota 4-8 wks
vs Rhode Island (4-8 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Compare More States

Compare Minnesota MLO License

Compare Rhode Island MLO License