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New Mexico vs Pennsylvania for MLO Licensing

Total Fees
$341.25
NM
vs
$413
PA
Pre-Licensing
20 hrs
NM
vs
20 hrs
PA
Timeline
6-12 wks
NM
vs
4-8 wks
PA

Side-by-Side Comparison

Category New Mexico Pennsylvania
Total Fees $341.25 $413
Pre-Licensing Hours 20 hrs 20 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 $71.75 cheaper for total licensing fees.

Winner: New Mexico

Processing Speed

Pennsylvania processes applications in 4-8 weeks.

Winner: Pennsylvania

Category Winners

Lower Cost
New Mexico $341.25
vs Pennsylvania ($413)
Fewer Hours
New Mexico 20 hrs
vs Pennsylvania (20 hrs)
Faster Processing
Pennsylvania 4-8 wks
vs New Mexico (6-12 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Pennsylvania

Pennsylvania Department of Banking and Securities

Official Website →

Compare More States

Compare New Mexico MLO License

Compare Pennsylvania MLO License