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South Carolina vs South Dakota for MLO Licensing

Total Fees
$246.25
SC
vs
$341.25
SD
Pre-Licensing
23 hrs
SC
vs
20 hrs
SD
Timeline
4-8 wks
SC
vs
6-12 wks
SD

Side-by-Side Comparison

Category South Carolina South Dakota
Total Fees $246.25 $341.25
Pre-Licensing Hours 23 hrs 20 hrs
Processing Time 4-8 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

South Carolina is $95 cheaper for total licensing fees.

Winner: South Carolina

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

South Carolina processes applications in 4-8 weeks.

Winner: South Carolina

Category Winners

Lower Cost
South Carolina $246.25
vs South Dakota ($341.25)
Fewer Hours
South Dakota 20 hrs
vs South Carolina (23 hrs)
Faster Processing
South Carolina 4-8 wks
vs South Dakota (6-12 wks)

South Carolina

South Carolina Office of the Commissioner of Consumer Finance

Official Website →

South Dakota

South Dakota Division of Banking

Official Website →

Compare More States

Compare South Carolina MLO License

Compare South Dakota MLO License