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New Mexico vs North Carolina for MLO Licensing

Total Fees
$341.25
NM
vs
$316
NC
Pre-Licensing
20 hrs
NM
vs
24 hrs
NC
Timeline
6-12 wks
NM
vs
4-8 wks
NC

Side-by-Side Comparison

Category New Mexico North Carolina
Total Fees $341.25 $316
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $125
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

North Carolina is $25.25 cheaper for total licensing fees.

Winner: North Carolina

Education Hours

New Mexico requires only 20 pre-licensing hours.

Winner: New Mexico

Processing Speed

North Carolina processes applications in 4-8 weeks.

Winner: North Carolina

Category Winners

Lower Cost
North Carolina $316
vs New Mexico ($341.25)
Fewer Hours
New Mexico 20 hrs
vs North Carolina (24 hrs)
Faster Processing
North Carolina 4-8 wks
vs New Mexico (6-12 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

North Carolina

North Carolina Office of the Commissioner of Banks

Official Website →

Compare More States

Compare New Mexico MLO License

Compare North Carolina MLO License