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New Mexico vs Wyoming for MLO Licensing

Total Fees
$341.25
NM
vs
$311.25
WY
Pre-Licensing
20 hrs
NM
vs
20 hrs
WY
Timeline
6-12 wks
NM
vs
4-8 wks
WY

Side-by-Side Comparison

Category New Mexico Wyoming
Total Fees $341.25 $311.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $120
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Wyoming is $30 cheaper for total licensing fees.

Winner: Wyoming

Processing Speed

Wyoming processes applications in 4-8 weeks.

Winner: Wyoming

Category Winners

Lower Cost
Wyoming $311.25
vs New Mexico ($341.25)
Fewer Hours
New Mexico 20 hrs
vs Wyoming (20 hrs)
Faster Processing
Wyoming 4-8 wks
vs New Mexico (6-12 wks)

New Mexico

New Mexico Regulation and Licensing Department - Financial Institutions Division

Official Website →

Wyoming

Wyoming Division of Banking

Official Website →

Compare More States

Compare New Mexico MLO License

Compare Wyoming MLO License