New York vs Tennessee for MLO Licensing

Total Fees

$455.5

$391.25

Pre-Licensing

20 hrs

Timeline

8-16 wks

4-8 wks

Side-by-Side Comparison

Category	New York	Tennessee
Total Fees	$455.5	$391.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	8-16 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$254	$200 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Tennessee is $64.25 cheaper for total licensing fees.

Winner: Tennessee

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Processing Speed

Tennessee processes applications in 4-8 weeks.

Winner: Tennessee

Category Winners

Lower Cost

Tennessee $391.25

vs New York ($455.5)

Fewer Hours

New York 20 hrs

vs Tennessee (20 hrs)

Faster Processing

Tennessee 4-8 wks

vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

Full New York MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

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