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Rhode Island vs Wyoming for MLO Licensing

Total Fees
$791.25
RI
vs
$311.25
WY
Pre-Licensing
20 hrs
RI
vs
20 hrs
WY
Timeline
4-8 wks
RI
vs
4-8 wks
WY

Side-by-Side Comparison

Category Rhode Island Wyoming
Total Fees $791.25 $311.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $600 $120
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Wyoming is $480 cheaper for total licensing fees.

Winner: Wyoming

Category Winners

Lower Cost
Wyoming $311.25
vs Rhode Island ($791.25)
Fewer Hours
Rhode Island 20 hrs
vs Wyoming (20 hrs)
Faster Processing
Rhode Island 4-8 wks
vs Wyoming (4-8 wks)

Rhode Island

Rhode Island Department of Business Regulation

Official Website →

Wyoming

Wyoming Division of Banking

Official Website →

Compare More States

Compare Rhode Island MLO License

Compare Wyoming MLO License