Sunday, May 5, 2013

Halocho #1093 - Lending is a Mitzva

It's a Mitzva to lend money to a fellow Jew. 

Included in the Mitzva is providing moral support and giving sage advice. 

Even lending money to wealthy people - if they are short of cash - is a Mitzva. 

One should not lend money without witnesses, unless the borrower provides collateral. Even better is to have the lender sign an IOU - a promissory note. 

One may not demand collateral after the loan has been given to the borrower, except in a Bet Din (Jewish Court). One may not use the collateral, as that would be a form of interest. One may rent out the collateral and deduct the rental from the loan, under certain circumstances. 

Source: Kitzur Shulchan Aruch 179:1-3, 7-8.
- Danny

Sunday, 25 Iyar 5773 - 40th day of the Omer

Please daven for the complete recovery of a little boy diagnosed with lymphoma:
יוֹנָתָן-שִׂמְחָה בֶּן לֵאָה-רִבְקָה  

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