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Nevada vs Rhode Island for MLO Licensing

Total Fees
$336.25
NV
vs
$791.25
RI
Pre-Licensing
30 hrs
NV
vs
20 hrs
RI
Timeline
6-12 wks
NV
vs
4-8 wks
RI

Side-by-Side Comparison

Category Nevada Rhode Island
Total Fees $336.25 $791.25
Pre-Licensing Hours 30 hrs 20 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $145 $600
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Nevada is $455 cheaper for total licensing fees.

Winner: Nevada

Education Hours

Rhode Island requires only 20 pre-licensing hours.

Winner: Rhode Island

Processing Speed

Rhode Island processes applications in 4-8 weeks.

Winner: Rhode Island

Category Winners

Lower Cost
Nevada $336.25
vs Rhode Island ($791.25)
Fewer Hours
Rhode Island 20 hrs
vs Nevada (30 hrs)
Faster Processing
Rhode Island 4-8 wks
vs Nevada (6-12 wks)

Nevada

Nevada Division of Mortgage Lending

Official Website →

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Compare More States

Compare Nevada MLO License

Compare Rhode Island MLO License