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Montana vs Rhode Island for MLO Licensing

Total Fees
$591.25
MT
vs
$791.25
RI
Pre-Licensing
22 hrs
MT
vs
20 hrs
RI
Timeline
3-6 wks
MT
vs
4-8 wks
RI

Side-by-Side Comparison

Category Montana Rhode Island
Total Fees $591.25 $791.25
Pre-Licensing Hours 22 hrs 20 hrs
Processing Time 3-6 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $400 $600
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Montana is $200 cheaper for total licensing fees.

Winner: Montana

Education Hours

Rhode Island requires only 20 pre-licensing hours.

Winner: Rhode Island

Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost
Montana $591.25
vs Rhode Island ($791.25)
Fewer Hours
Rhode Island 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs Rhode Island (4-8 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Compare More States

Compare Montana MLO License

Compare Rhode Island MLO License