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South Dakota vs Virginia for MLO Licensing

Total Fees
$341.25
SD
vs
$341.25
VA
Pre-Licensing
20 hrs
SD
vs
20 hrs
VA
Timeline
6-12 wks
SD
vs
6-14 wks
VA

Side-by-Side Comparison

Category South Dakota Virginia
Total Fees $341.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 6-12 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Processing Speed

South Dakota processes applications in 6-12 weeks.

Winner: South Dakota

Category Winners

Lower Cost
South Dakota $341.25
vs Virginia ($341.25)
Fewer Hours
South Dakota 20 hrs
vs Virginia (20 hrs)
Faster Processing
South Dakota 6-12 wks
vs Virginia (6-14 wks)

South Dakota

South Dakota Division of Banking

Official Website →

Virginia

Virginia Bureau of Financial Institutions

Official Website →

Compare More States

Compare South Dakota MLO License

Compare Virginia MLO License