Reference: LOANS
American
Jehovah, as the sole proprietor of the land occupied by the Jews, required them, as one condition of its use, to grant liberal loans to their poor brethren; and every seven years, the outstanding loans were to become gifts, and could not be reclaimed. If a pledge was taken on making a loan, it must be done with mercy and under certain benevolent restrictions, Ex 22:25,27; De 15:1-11; 23:19-20; 24:6,10-13,17. The great truth so prominent in this and similar features of the Mosaic laws, ought to be restored to its fundamental place in our theories of property; and no one who believes in God should act as the owner, but only as the steward of what he possesses, all of which he is to use as required by its great Owner. In the same spirit, our Savior enjoins the duty of loaning freely, even to enemies, and without hope of reward, Lu 6:34-35.
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If thou lend money to any of my people with thee who is poor, thou shall not be to him as a creditor, neither shall ye lay upon him interest.
for that is his only covering. It is his garment for his skin. How shall he sleep? And it shall come to pass, when he cries to me, that I will hear, for I am gracious.
At the end of every seven years thou shall make a release. And this is the manner of the release: Every creditor shall release that which he has lent to his neighbor. He shall not exact it from his neighbor and his brother, because LORD's release has been proclaimed. read more. From a foreigner thou may exact it, but whatever of thine is with thy brother, thy hand shall release. However there shall be no poor with thee (for LORD will surely bless thee in the land which LORD thy God gives thee for an inheritance to possess it), if only thou diligently hearken to the voice of LORD thy God, to observe to do all this commandment which I command thee this day. For LORD thy God will bless thee as he promised thee, and thou shall lend to many nations, but thou shall not borrow, and thou shall rule over many nations, but they shall not rule over thee. If there be with thee a poor man, one of thy brothers, within any of thy gates in thy land which LORD thy God gives thee, thou shall not harden thy heart, nor shut thy hand from thy poor brother, but thou shall surely open thy hand to him, and shall surely lend him sufficient for his need which he wants. Beware that there not be a base thought in thy heart, saying, The seventh year, the year of release, is at hand, and thine eye be evil against thy poor brother, and thou give him nothing, and he cry to LORD against thee, and it be Thou shall surely give him, and thy heart shall not be grieved when thou give to him, because for this thing LORD thy God will bless thee in all thy work, and in all that thou put thy hand to. For the poor will never cease out of the land. Therefore I command thee, saying, Thou shall surely open thy hand to thy brother, to thy needy, and to thy poor, in thy land.
Thou shall not lend upon interest to thy brother: interest of money, interest of food, interest of anything that is lent upon interest. To a foreigner thou may lend upon interest, but to thy brother thou shall not lend upon interest, that LORD thy God may bless thee in all that thou put thy hand to, in the land where thou go in to possess it.
No man shall take the mill or the upper millstone to pledge, for he takes life to pledge.
When thou do lend thy neighbor any manner of loan, thou shall not go into his house to fetch his pledge. Thou shall stand outside, and the man to whom thou lend shall bring forth the pledge outside to thee. read more. And if he is a poor man, thou shall not sleep with his pledge. Thou shall surely restore to him the pledge when the sun goes down, that he may sleep in his garment, and bless thee. And it shall be righteousness to thee before LORD thy God.
Thou shall not distort the justice [due] to the sojourner, [or] to the fatherless, nor take the widow's raiment to pledge,
And if ye lend to whom ye hope to receive, what credit is for you? For even sinners lend to sinners, to receive as much again. But love your enemies, and do good, and lend, despairing nothing, and your reward will be great. And ye will be sons of the Most High, because he is good toward the ungrateful and bad.