Property: other; act regarding survivorship of entireties interest in mortgages and land contracts; revise gender-specific language. Amends title & sec. 1 of 1925 PA 126 (MCL 557.81). TIE BAR WITH: HJR F'25

HB 4621 updates Michigan property law to replace gender-specific terms like "husband and wife" with "spouses" in rules about survivorship for property held as a tenancy by the entirety. It ensures that when a married couple owns land under this ownership structure and accepts a mortgage or land contract as part of the purchase price, the surviving spouse automatically inherits the mortgage or contract rights without court involvement. The bill directly affects married couples who jointly own property this way, clarifying that the same rules apply to land contracts as to mortgages. This is a technical language update with no change to existing survivorship procedures, solely modernizing the law's wording. (Bill number: HB 4621; amends MCL 557.81)