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Montana vs South Dakota for MLO Licensing

Total Fees
$591.25
MT
vs
$341.25
SD
Pre-Licensing
22 hrs
MT
vs
20 hrs
SD
Timeline
3-6 wks
MT
vs
6-12 wks
SD

Side-by-Side Comparison

Category Montana South Dakota
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

South Dakota is $250 cheaper for total licensing fees.

Winner: South Dakota

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost
South Dakota $341.25
vs Montana ($591.25)
Fewer Hours
South Dakota 20 hrs
vs Montana (22 hrs)
Faster Processing
Montana 3-6 wks
vs South Dakota (6-12 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare Montana MLO License

Compare South Dakota MLO License