Montana vs Tennessee for MLO Licensing

Total Fees

$591.25

$391.25

Pre-Licensing

22 hrs

20 hrs

Timeline

3-6 wks

4-8 wks

Side-by-Side Comparison

Category	Montana	Tennessee
Total Fees	$591.25	$391.25 ✓
Pre-Licensing Hours	22 hrs	20 hrs ✓
Processing Time	3-6 weeks ✓	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$400	$200 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

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Cost

Tennessee is $200 cheaper for total licensing fees.

Winner: Tennessee

→

Education Hours

Tennessee requires only 20 pre-licensing hours.

Winner: Tennessee

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Processing Speed

Montana processes applications in 3-6 weeks.

Winner: Montana

Category Winners

Lower Cost

Tennessee $391.25

vs Montana ($591.25)

Fewer Hours

Tennessee 20 hrs

vs Montana (22 hrs)

Faster Processing

Montana 3-6 wks

vs Tennessee (4-8 wks)

Montana

Montana Division of Banking and Financial Institutions

Official Website →

Full Montana MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

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