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

This bill aims to update the language in Michigan's Regulatory Loan Act to make it gender neutral. It specifically amends Section 17 of the act, which currently contains gender-specific terms. The change is part of a broader effort to promote inclusivity in state legislation.

Supporters of this bill would highlight its importance in promoting equality and inclusivity in legal language. By making the Regulatory Loan Act gender neutral, Michigan is taking a progressive step towards ensuring that all individuals are represented fairly in state laws.

Critics might argue that the focus on changing language in existing laws is unnecessary and distracts from more pressing financial issues facing the state. They may contend that resources should be directed toward substantive financial reforms rather than linguistic updates.