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New Mexico vs Ohio for MLO Licensing

Total Fees
$341.25
NM
vs
$391
OH
Pre-Licensing
20 hrs
NM
vs
24 hrs
OH
Timeline
6-12 wks
NM
vs
4-8 wks
OH

Side-by-Side Comparison

Category New Mexico Ohio
Total Fees $341.25 $391
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $200
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New Mexico is $49.75 cheaper for total licensing fees.

Winner: New Mexico

Education Hours

New Mexico requires only 20 pre-licensing hours.

Winner: New Mexico

Processing Speed

Ohio processes applications in 4-8 weeks.

Winner: Ohio

Category Winners

Lower Cost
New Mexico $341.25
vs Ohio ($391)
Fewer Hours
New Mexico 20 hrs
vs Ohio (24 hrs)
Faster Processing
Ohio 4-8 wks
vs New Mexico (6-12 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Ohio

Ohio Department of Commerce, Division of Financial Institutions

Official Website →

Compare More States

Compare New Mexico MLO License

Compare Ohio MLO License