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HB 4605

Financial institutions: other; certain references in the regulatory loan act; make gender neutral. Amends sec. 17 of 1939 PA 21 (MCL 493.17). TIE BAR WITH: HJR F'25

2025-2026 Regular Session Introduced by Joey Andrews and 26 co-sponsors

Replaces gender-specific language with gender-neutral terminology in Michigan's 1939 Regulatory Loan Act to modernize outdated statutory language affecting financial lending regulations.

bill electronically reproduced 06/10/2025
#civilrights:sexualorientationdiscrimination #familylaw:marriageanddivorce #financialinstitutions:other
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Bill Summary · HB 4605

Legislative bill overview

HB 4605 amends Section 17 of Michigan's 1939 Regulatory Loan Act to replace gender-specific language with gender-neutral terminology. The bill is tied to a concurrent resolution (HJR F'25) and updates regulatory language to reflect modern inclusive standards without substantively changing the law's provisions or requirements.

Why is this important

Financial regulatory language affects how institutions interpret and comply with lending rules. Modernizing gender-neutral language ensures the law applies consistently to all borrowers and lenders regardless of gender identity, and aligns Michigan's statutes with contemporary legislative drafting practices. This represents a technical cleanup that removes outdated presumptions embedded in 86-year-old statutory language.

Potential points of contention

  • Scope of change: While presented as technical/housekeeping, stakeholders may debate whether all language modifications are truly neutral in effect or inadvertently alter regulatory interpretation
  • Broader legislative agenda: The tie-bar with HJR F'25 may indicate this is part of a larger gender-related legislative package, which could generate political debate beyond the technical merits
  • Implementation questions: Financial institutions may need clarification on whether existing policies compliant under gendered language remain compliant under revised neutral language, or if regulatory guidance updates are needed

Compiled from official sources — confirm details with the bill’s official record.

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