Minnesota vs Tennessee for MLO Licensing

Total Fees

$281.25

MN

vs

$391.25

TN

Pre-Licensing

20 hrs

MN

vs

20 hrs

TN

Timeline

4-8 wks

MN

vs

4-8 wks

TN

Side-by-Side Comparison

Category	Minnesota	Tennessee
Total Fees	$281.25 ✓	$391.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$50 ✓	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Minnesota is $110 cheaper for total licensing fees.

Winner: Minnesota

Category Winners

Lower Cost

Minnesota $281.25

vs Tennessee ($391.25)

Fewer Hours

Minnesota 20 hrs

vs Tennessee (20 hrs)

Faster Processing

Minnesota 4-8 wks

vs Tennessee (4-8 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

Full Minnesota MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

Compare More States

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