New Jersey vs New Mexico for MLO Licensing
Total Fees
$346.25
NJ
vs
$341.25
NM
Pre-Licensing
20 hrs
NJ
vs
20 hrs
NM
Timeline
8-16 wks
NJ
vs
6-12 wks
NM
Side-by-Side Comparison
| Category | New Jersey | New Mexico |
|---|---|---|
| Total Fees | $346.25 | $341.25 ✓ |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 8-16 weeks | 6-12 weeks ✓ |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $150 | $150 |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $5 cheaper for total licensing fees.
Winner: New Mexico
→
Processing Speed
New Mexico processes applications in 6-12 weeks.
Winner: New Mexico
Category Winners
Lower Cost
New Mexico $341.25
vs New Jersey ($346.25)
Fewer Hours
New Jersey 20 hrs
vs New Mexico (20 hrs)
Faster Processing
New Mexico 6-12 wks
vs New Jersey (8-16 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare New Jersey MLO License
NJ vs AL NJ vs AK NJ vs AZ NJ vs AR NJ vs CA NJ vs CO NJ vs CT NJ vs DE NJ vs FL NJ vs GA NJ vs HI NJ vs ID NJ vs IL NJ vs IN NJ vs IA NJ vs KS NJ vs KY NJ vs LA NJ vs ME NJ vs MD NJ vs MA NJ vs MI NJ vs MN NJ vs MS NJ vs MO NJ vs MT NJ vs NE NJ vs NV NJ vs NH NJ vs NY NJ vs NC NJ vs ND NJ vs OH NJ vs OK NJ vs OR NJ vs PA NJ vs RI NJ vs SC NJ vs SD NJ vs TN NJ vs TX NJ vs UT NJ vs VT NJ vs VA NJ vs WA NJ vs WV NJ vs WI NJ vs WY
Compare New Mexico MLO License
NM vs AL NM vs AK NM vs AZ NM vs AR NM vs CA NM vs CO NM vs CT NM vs DE NM vs FL NM vs GA NM vs HI NM vs ID NM vs IL NM vs IN NM vs IA NM vs KS NM vs KY NM vs LA NM vs ME NM vs MD NM vs MA NM vs MI NM vs MN NM vs MS NM vs MO NM vs MT NM vs NE NM vs NV NM vs NH NM vs NY NM vs NC NM vs ND NM vs OH NM vs OK NM vs OR NM vs PA NM vs RI NM vs SC NM vs SD NM vs TN NM vs TX NM vs UT NM vs VT NM vs VA NM vs WA NM vs WV NM vs WI NM vs WY