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Montana vs New Jersey for MLO Licensing

Total Fees
$591.25
MT
vs
$346.25
NJ
Pre-Licensing
22 hrs
MT
vs
20 hrs
NJ
Timeline
3-6 wks
MT
vs
8-16 wks
NJ

Side-by-Side Comparison

Category Montana New Jersey
Total Fees $591.25 $346.25
Pre-Licensing Hours 22 hrs 20 hrs
Processing Time 3-6 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $400 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Jersey is $245 cheaper for total licensing fees.

Winner: New Jersey

Education Hours

New Jersey requires only 20 pre-licensing hours.

Winner: New Jersey

Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost
New Jersey $346.25
vs Montana ($591.25)
Fewer Hours
New Jersey 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs New Jersey (8-16 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

New Jersey

New Jersey Department of Banking and Insurance

Official Website →

Compare More States

Compare Montana MLO License

Compare New Jersey MLO License