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Montana vs New York for MLO Licensing

Total Fees
$591.25
MT
vs
$455.5
NY
Pre-Licensing
22 hrs
MT
vs
20 hrs
NY
Timeline
3-6 wks
MT
vs
8-16 wks
NY

Side-by-Side Comparison

Category Montana New York
Total Fees $591.25 $455.5
Pre-Licensing Hours 22 hrs 20 hrs
Processing Time 3-6 weeks 8-16 weeks
Renewal Cycle N/A N/A
Renewal Fee $400 $254
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New York is $135.75 cheaper for total licensing fees.

Winner: New York

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost
New York $455.5
vs Montana ($591.25)
Fewer Hours
New York 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs New York (8-16 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

New York

New York Department of Financial Services

Official Website →

Compare More States

Compare Montana MLO License

Compare New York MLO License