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Missouri vs South Dakota for MLO Licensing

Total Fees
$246.25
MO
vs
$341.25
SD
Pre-Licensing
20 hrs
MO
vs
20 hrs
SD
Timeline
8-16 wks
MO
vs
6-12 wks
SD

Side-by-Side Comparison

Category Missouri South Dakota
Total Fees $246.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 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

Missouri is $95 cheaper for total licensing fees.

Winner: Missouri

Processing Speed

South Dakota processes applications in 6-12 weeks.

Winner: South Dakota

Category Winners

Lower Cost
Missouri $246.25
vs South Dakota ($341.25)
Fewer Hours
Missouri 20 hrs
vs South Dakota (20 hrs)
Faster Processing
South Dakota 6-12 wks
vs Missouri (8-16 wks)

Missouri

Missouri Division of Finance

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare Missouri MLO License

Compare South Dakota MLO License