Preheat your oven to 350°F (175°C). Grease a loaf pan with non-stick spray or butter.

In a mixing bowl, combine the dry ingredients: flour, sugar, baking powder, and salt. Mix until evenly distributed.

Create a well in the dry mixture and add the wet ingredients: milk, egg, melted butter, and vanilla. Mix gently until just combined.

Pour the batter into the prepared loaf pan, smoothing the top with a spatula.

In a small bowl, mix melted butter, sugar, cinnamon, and nutmeg for the coating. Stir until well combined.

Sprinkle the sugar mixture evenly over the top of the batter in the loaf pan.

Bake in the preheated oven for 40-45 minutes, until golden brown. A toothpick inserted should come out clean.

Let the bread cool in the loaf pan for 10 minutes, then transfer to a wire rack to cool completely.