New Mexico vs New York for MLO Licensing
Total Fees
$341.25
NM
vs
$455.5
NY
Pre-Licensing
20 hrs
NM
vs
20 hrs
NY
Timeline
6-12 wks
NM
vs
8-16 wks
NY
Side-by-Side Comparison
| Category | New Mexico | New York |
|---|---|---|
| Total Fees | $341.25 ✓ | $455.5 |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 6-12 weeks ✓ | 8-16 weeks |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $150 ✓ | $254 |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $114.25 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 York ($455.5)
Fewer Hours
New Mexico 20 hrs
vs New York (20 hrs)
Faster Processing
New Mexico 6-12 wks
vs New York (8-16 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare New Mexico MLO License
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Compare New York MLO License
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