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New Mexico vs Oklahoma for MLO Licensing

Total Fees
$341.25
NM
vs
$291
OK
Pre-Licensing
20 hrs
NM
vs
20 hrs
OK
Timeline
6-12 wks
NM
vs
4-8 wks
OK

Side-by-Side Comparison

Category New Mexico Oklahoma
Total Fees $341.25 $291
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $100
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Oklahoma is $50.25 cheaper for total licensing fees.

Winner: Oklahoma

Processing Speed

Oklahoma processes applications in 4-8 weeks.

Winner: Oklahoma

Category Winners

Lower Cost
Oklahoma $291
vs New Mexico ($341.25)
Fewer Hours
New Mexico 20 hrs
vs Oklahoma (20 hrs)
Faster Processing
Oklahoma 4-8 wks
vs New Mexico (6-12 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Oklahoma

Oklahoma Department of Consumer Credit

Official Website →

Compare More States

Compare New Mexico MLO License

Compare Oklahoma MLO License