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New York vs North Carolina for MLO Licensing

Total Fees
$455.5
NY
vs
$316
NC
Pre-Licensing
20 hrs
NY
vs
24 hrs
NC
Timeline
8-16 wks
NY
vs
4-8 wks
NC

Side-by-Side Comparison

Category New York North Carolina
Total Fees $455.5 $316
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $254 $125
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

North Carolina is $139.5 cheaper for total licensing fees.

Winner: North Carolina

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

Processing Speed

North Carolina processes applications in 4-8 weeks.

Winner: North Carolina

Category Winners

Lower Cost
North Carolina $316
vs New York ($455.5)
Fewer Hours
New York 20 hrs
vs North Carolina (24 hrs)
Faster Processing
North Carolina 4-8 wks
vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

North Carolina

North Carolina Office of the Commissioner of Banks

Official Website →

Compare More States

Compare New York MLO License

Compare North Carolina MLO License