New Mexico vs Rhode Island for MLO Licensing
Total Fees
$341.25
NM
vs
$791.25
RI
Pre-Licensing
20 hrs
NM
vs
20 hrs
RI
Timeline
6-12 wks
NM
vs
4-8 wks
RI
Side-by-Side Comparison
| Category | New Mexico | Rhode Island |
|---|---|---|
| Total Fees | $341.25 ✓ | $791.25 |
| Pre-Licensing Hours | 20 hrs | 20 hrs |
| Processing Time | 6-12 weeks | 4-8 weeks ✓ |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $150 ✓ | $600 |
| CE Hours | 8 hrs | 8 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
New Mexico is $450 cheaper for total licensing fees.
Winner: New Mexico
→
Processing Speed
Rhode Island processes applications in 4-8 weeks.
Winner: Rhode Island
Category Winners
Lower Cost
New Mexico $341.25
vs Rhode Island ($791.25)
Fewer Hours
New Mexico 20 hrs
vs Rhode Island (20 hrs)
Faster Processing
Rhode Island 4-8 wks
vs New Mexico (6-12 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 Rhode Island MLO License
RI vs AL RI vs AK RI vs AZ RI vs AR RI vs CA RI vs CO RI vs CT RI vs DE RI vs FL RI vs GA RI vs HI RI vs ID RI vs IL RI vs IN RI vs IA RI vs KS RI vs KY RI vs LA RI vs ME RI vs MD RI vs MA RI vs MI RI vs MN RI vs MS RI vs MO RI vs MT RI vs NE RI vs NV RI vs NH RI vs NJ RI vs NY RI vs NC RI vs ND RI vs OH RI vs OK RI vs OR RI vs PA RI vs SC RI vs SD RI vs TN RI vs TX RI vs UT RI vs VT RI vs VA RI vs WA RI vs WV RI vs WI RI vs WY