1. At the end of every seven years you must declare a cancellation of debts.
2. This is the nature of the cancellation: Every creditor must remit what he has loaned to another person; he must not force payment from his fellow Israelite, for it is to be recognized as “the Lord’s cancellation of debts.”
3. You may exact payment from a foreigner, but whatever your fellow Israelite owes you, you must remit.
4. However, there should not be any poor among you, for the Lord will surely bless you in the land that he is giving you as an inheritance,
5. if you carefully obey him by keeping all these commandments that I am giving you today.
6. For the Lord your God will bless you just as he has promised; you will lend to many nations but will not borrow from any, and you will rule over many nations but they will not rule over you.
7. If a fellow Israelite from one of your villages in the land that the Lord your God is giving you should be poor, you must not harden your heart or be insensitive to his impoverished condition.