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Mississippi vs New York for MLO Licensing

Total Fees
$397.25
MS
vs
$455.5
NY
Pre-Licensing
24 hrs
MS
vs
20 hrs
NY
Timeline
8-16 wks
MS
vs
8-16 wks
NY

Side-by-Side Comparison

Category Mississippi New York
Total Fees $397.25 $455.5
Pre-Licensing Hours 24 hrs 20 hrs
Processing Time 8-16 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $201 $254
CE Hours 12 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Mississippi is $58.25 cheaper for total licensing fees.

Winner: Mississippi

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

Category Winners

Lower Cost
Mississippi $397.25
vs New York ($455.5)
Fewer Hours
New York 20 hrs
vs Mississippi (24 hrs)
Faster Processing
Mississippi 8-16 wks
vs New York (8-16 wks)

Mississippi

Mississippi Department of Banking and Consumer Finance

Official Website →

New York

New York Department of Financial Services

Official Website →

Compare More States

Compare Mississippi MLO License

Compare New York MLO License