{"data":{"id":"us-vt/9-v.s.a.-48","jurisdiction":"us-vt","citation":"9 V.S.A. § 48","heading":"Excess insurance, proceeds","body":"If a loan is paid before its due date as the result of the death of a borrower insured under a creditor life insurance policy and the insurance proceeds exceed the amount owing on the loan with interest, the excess shall be refunded to a beneficiary designated by the borrower, or to the estate of the insured, or applied in reduction of the debt.","path":["Title 9: Commerce and Trade","Chapter 004: Interest","Subchapter 001: INTEREST GENERALLY"],"source_url":"https://legislature.vermont.gov/statutes/section/09/004/00048","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:13:51Z","sha256":"fcc4859d94b229b62e30a59fd46d24ef2bc5f04cdef2b7fa139b487f2a2b15b2","source_id":"us-vt","stale":false,"prev":"us-vt/9-v.s.a.-47","next":"us-vt/9-v.s.a.-49"},"notice":"GroundRules: Original legal text. Not legal advice."}