Michigan HB4605 makes gender-neutral certain references in the Regulatory Loan Act.

Michigan HB4605 amends the Regulatory Loan Act to make gender-neutral certain references in the law. Specifically, it removes gender-specific language from provisions regarding the validity of assignments of salary, wages, commissions, or other compensation for services, and chattel mortgages or other liens on household goods. The changes ensure that the law applies equally to all borrowers, regardless of marital status.

Michigan HB4605 makes gender-neutral certain references in the Regulatory Loan Act.

Michigan HB4605 amends the Regulatory Loan Act to make gender-neutral certain references in the law. Specifically, it removes gender-specific language from provisions regarding the validity of assignments of salary, wages, commissions, or other compensation for services, and chattel mortgages or other liens on household goods. The changes ensure that the law applies equally to all borrowers, regardless of marital status.