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South Dakota vs West Virginia for MLO Licensing

Total Fees
$341.25
SD
vs
$396.25
WV
Pre-Licensing
20 hrs
SD
vs
24 hrs
WV
Timeline
6-12 wks
SD
vs
4-8 wks
WV

Side-by-Side Comparison

Category South Dakota West Virginia
Total Fees $341.25 $396.25
Pre-Licensing Hours 20 hrs 24 hrs
Processing Time 6-12 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $150 $200
CE Hours 8 hrs 9 hrs
Reciprocity None None

Key Differences

Cost

South Dakota is $55 cheaper for total licensing fees.

Winner: South Dakota

Education Hours

South Dakota requires only 20 pre-licensing hours.

Winner: South Dakota

Processing Speed

West Virginia processes applications in 4-8 weeks.

Winner: West Virginia

Category Winners

Lower Cost
South Dakota $341.25
vs West Virginia ($396.25)
Fewer Hours
South Dakota 20 hrs
vs West Virginia (24 hrs)
Faster Processing
West Virginia 4-8 wks
vs South Dakota (6-12 wks)

South Dakota

South Dakota Division of Banking

Official Website →

West Virginia

West Virginia Division of Financial Institutions

Official Website →

Compare More States

Compare South Dakota MLO License

Compare West Virginia MLO License