New York vs Ohio for MLO Licensing

Total Fees

$455.50

$391

Pre-Licensing

20 hrs

24 hrs

Timeline

8-16 wks

4-8 wks

Side-by-Side Comparison

Category	New York	Ohio
Total Fees	$455.50	$391 ✓
Pre-Licensing Hours	20 hrs ✓	24 hrs
Processing Time	8-16 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$254	$200 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Ohio is $64.50 cheaper for total licensing fees.

Winner: Ohio

→

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

→

Processing Speed

Ohio processes applications in 4-8 weeks.

Winner: Ohio

Category Winners

Lower Cost

Ohio $391

vs New York ($455.50)

Fewer Hours

New York 20 hrs

vs Ohio (24 hrs)

Faster Processing

Ohio 4-8 wks

vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

Full New York MLO requirements →

Ohio

Ohio Department of Commerce, Division of Financial Institutions

Official Website →

Full Ohio MLO requirements →

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