South Dakota vs Tennessee for MLO Licensing

Total Fees

$341.25

$391.25

Pre-Licensing

20 hrs

Timeline

6-12 wks

4-8 wks

Side-by-Side Comparison

Category	South Dakota	Tennessee
Total Fees	$341.25 ✓	$391.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	6-12 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$150 ✓	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

South Dakota is $50 cheaper for total licensing fees.

Winner: South Dakota

→

Processing Speed

Tennessee processes applications in 4-8 weeks.

Winner: Tennessee

Category Winners

Lower Cost

South Dakota $341.25

vs Tennessee ($391.25)

Fewer Hours

South Dakota 20 hrs

vs Tennessee (20 hrs)

Faster Processing

Tennessee 4-8 wks

vs South Dakota (6-12 wks)

South Dakota

South Dakota Division of Banking

Official Website →

Full South Dakota MLO requirements →

Tennessee

Tennessee Department of Financial Institutions

Official Website →

Full Tennessee MLO requirements →

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