Ohio vs Virginia for MLO Licensing

Total Fees

$391

$341.25

Pre-Licensing

24 hrs

20 hrs

Timeline

4-8 wks

6-14 wks

Side-by-Side Comparison

Category	Ohio	Virginia
Total Fees	$391	$341.25 ✓
Pre-Licensing Hours	24 hrs	20 hrs ✓
Processing Time	4-8 weeks ✓	6-14 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$150 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Virginia is $49.75 cheaper for total licensing fees.

Winner: Virginia

→

Education Hours

Virginia requires only 20 pre-licensing hours.

Winner: Virginia

→

Processing Speed

Ohio processes applications in 4-8 weeks.

Winner: Ohio

Category Winners

Lower Cost

Virginia $341.25

vs Ohio ($391)

Fewer Hours

Virginia 20 hrs

vs Ohio (24 hrs)

Faster Processing

Ohio 4-8 wks

vs Virginia (6-14 wks)

Ohio

Ohio Department of Commerce, Division of Financial Institutions

Official Website →

Full Ohio MLO requirements →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Full Virginia MLO requirements →

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