Montana vs New Mexico for MLO Licensing
Total Fees
$591.25
MT
vs
$341.25
NM
Pre-Licensing
22 hrs
MT
vs
20 hrs
NM
Timeline
3-6 wks
MT
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | Montana | New Mexico |
|---|---|---|
| Total Fees | $591.25 | $341.25 ✓ |
| Pre-Licensing Hours | 22 hrs | 20 hrs ✓ |
| Processing Time | 3-6 weeks ✓ | 6-12 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $400 | $150 ✓ |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $250 cheaper for total licensing fees.
Winner: New Mexico
→
Education Hours
New Mexico requires only 20 pre-licensing hours.
Winner: New Mexico
→
Processing Speed
Montana processes applications in 3-6 weeks.
Winner: Montana
Category Winners
Lower Cost
New Mexico $341.25
vs Montana ($591.25)
Fewer Hours
New Mexico 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare Montana MLO License
MT vs AL MT vs AK MT vs AZ MT vs AR MT vs CA MT vs CO MT vs CT MT vs DE MT vs FL MT vs GA MT vs HI MT vs ID MT vs IL MT vs IN MT vs IA MT vs KS MT vs KY MT vs LA MT vs ME MT vs MD MT vs MA MT vs MI MT vs MN MT vs MS MT vs MO MT vs NE MT vs NV MT vs NH MT vs NJ MT vs NY MT vs NC MT vs ND MT vs OH MT vs OK MT vs OR MT vs PA MT vs RI MT vs SC MT vs SD MT vs TN MT vs TX MT vs UT MT vs VT MT vs VA MT vs WA MT vs WV MT vs WI MT vs WY
Compare New Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CA NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IL NM vs IN NM vs IA NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MN NM vs MS NM vs MO NM vs NE NM vs NV NM vs NH NM vs NJ NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY