New York vs Texas for MLO Licensing

Total Fees

$455.5

$336.25

Pre-Licensing

20 hrs

23 hrs

Timeline

8-16 wks

4-8 wks

Side-by-Side Comparison

Category	New York	Texas
Total Fees	$455.5	$336.25 ✓
Pre-Licensing Hours	20 hrs ✓	23 hrs
Processing Time	8-16 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$254	$45 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Texas is $119.25 cheaper for total licensing fees.

Winner: Texas

→

Education Hours

New York requires only 20 pre-licensing hours.

Winner: New York

→

Processing Speed

Texas processes applications in 4-8 weeks.

Winner: Texas

Category Winners

Lower Cost

Texas $336.25

vs New York ($455.5)

Fewer Hours

New York 20 hrs

vs Texas (23 hrs)

Faster Processing

Texas 4-8 wks

vs New York (8-16 wks)

New York

New York Department of Financial Services

Official Website →

Full New York MLO requirements →

Texas

Texas Department of Savings and Mortgage Lending

Official Website →

Full Texas MLO requirements →

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