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New Mexico vs Virginia for MLO Licensing

Total Fees
$341.25
NM
vs
$341.25
VA
Pre-Licensing
20 hrs
NM
vs
20 hrs
VA
Timeline
6-12 wks
NM
vs
6-14 wks
VA

Side-by-Side Comparison

Category New Mexico Virginia
Total Fees $341.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 6-12 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Processing Speed

New Mexico processes applications in 6-12 weeks.

Winner: New Mexico

Category Winners

Lower Cost
New Mexico $341.25
vs Virginia ($341.25)
Fewer Hours
New Mexico 20 hrs
vs Virginia (20 hrs)
Faster Processing
New Mexico 6-12 wks
vs Virginia (6-14 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare New Mexico MLO License

Compare Virginia MLO License