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Rhode Island vs Virginia for MLO Licensing

Total Fees
$791.25
RI
vs
$341.25
VA
Pre-Licensing
20 hrs
RI
vs
20 hrs
VA
Timeline
4-8 wks
RI
vs
6-14 wks
VA

Side-by-Side Comparison

Category Rhode Island Virginia
Total Fees $791.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $600 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Virginia is $450 cheaper for total licensing fees.

Winner: Virginia

Processing Speed

Rhode Island processes applications in 4-8 weeks.

Winner: Rhode Island

Category Winners

Lower Cost
Virginia $341.25
vs Rhode Island ($791.25)
Fewer Hours
Rhode Island 20 hrs
vs Virginia (20 hrs)
Faster Processing
Rhode Island 4-8 wks
vs Virginia (6-14 wks)

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare Rhode Island MLO License

Compare Virginia MLO License