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New York vs North Dakota for MLO Licensing

Total Fees
$455.5
NY
vs
$266
ND
Pre-Licensing
20 hrs
NY
vs
20 hrs
ND
Timeline
8-16 wks
NY
vs
4-8 wks
ND

Side-by-Side Comparison

Category New York North Dakota
Total Fees $455.5 $266
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $254 $75
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

North Dakota is $189.5 cheaper for total licensing fees.

Winner: North Dakota

Processing Speed

North Dakota processes applications in 4-8 weeks.

Winner: North Dakota

Category Winners

Lower Cost
North Dakota $266
vs New York ($455.5)
Fewer Hours
New York 20 hrs
vs North Dakota (20 hrs)
Faster Processing
North Dakota 4-8 wks
vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

North Dakota

North Dakota Department of Financial Institutions

Official Website →

Compare More States

Compare New York MLO License

Compare North Dakota MLO License