Deu 15:1-3 | TNotes | STEP | Summary for Deut 15:1-23: 15:1-23 The Law included the regulation of borrowing and lending so that the poor could survive deprivation. It provided restrictions to allow the rich to minister to the needs of the poor without exploiting them. 15:1 cancel the debts: This technical term refers to releasing people in financial bondage from their creditors and from any penalty for their default.

a15:1-23►

dLev 25:1-7►

‏ Deuteronomy 15:1-3

Summary for Deut 15:1-23: 15:1-23 ^a The Law included the regulation of borrowing and lending so that the poor could survive deprivation. It provided restrictions to allow the rich to minister to the needs of the poor without exploiting them. 15:1 ^b cancel the debts: This technical term refers to releasing people in financial bondage from their creditors and from any penalty for their default.
15:2 ^c The time of release was to occur every seventh year across the nation (the Sabbath year, Lev 25:1-7 ^d). The time frame followed the calendar rather than the length of the loan arrangement. This meant that the year of release could fall as soon as a year after a loan was made.