Rhode Island vs Tennessee for MLO Licensing

Total Fees

$791.25

RI

vs

$391.25

TN

Pre-Licensing

20 hrs

RI

vs

20 hrs

TN

Timeline

4-8 wks

RI

vs

4-8 wks

TN

Side-by-Side Comparison

Category	Rhode Island	Tennessee
Total Fees	$791.25	$391.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-8 weeks	4-8 weeks
Renewal Cycle	N/A	N/A
Renewal Fee	$600	$200 ✓
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Tennessee is $400 cheaper for total licensing fees.

Winner: Tennessee

Category Winners

Lower Cost

Tennessee $391.25

vs Rhode Island ($791.25)

Fewer Hours

Rhode Island 20 hrs

vs Tennessee (20 hrs)

Faster Processing

Rhode Island 4-8 wks

vs Tennessee (4-8 wks)

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Full Rhode Island MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

Compare More States

All MLO Comparisons Interactive Tool

Compare Rhode Island MLO License

Compare Tennessee MLO License