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New York vs Rhode Island for MLO Licensing

Total Fees
$455.5
NY
vs
$791.25
RI
Pre-Licensing
20 hrs
NY
vs
20 hrs
RI
Timeline
8-16 wks
NY
vs
4-8 wks
RI

Side-by-Side Comparison

Category New York Rhode Island
Total Fees $455.5 $791.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 8-16 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $254 $600
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

New York is $335.75 cheaper for total licensing fees.

Winner: New York

Processing Speed

Rhode Island processes applications in 4-8 weeks.

Winner: Rhode Island

Category Winners

Lower Cost
New York $455.5
vs Rhode Island ($791.25)
Fewer Hours
New York 20 hrs
vs Rhode Island (20 hrs)
Faster Processing
Rhode Island 4-8 wks
vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Compare More States

Compare New York MLO License

Compare Rhode Island MLO License