Chapter 179 – Loans
179.1) It is good to lend money to a poor Jew.
179.2) You are bound to lend money even to a rich man if he is in need of the loan.
179.3) You must have a witness present to lend money.
179.4) Do not demand payment from the borrower when you know he cannot pay.
179.5) The borrower may not deny payment if he can pay.
179.6) A borrower may not spend borrowed money unnecessarily.
179.7) Avoid making use of a pledge to a borrower.
179.8) If the lender wants to take pledge from a borrower, he must get the consent of a Court of Law.
179.9) Avoid being a guarantor or holding trust funds.
179.10) If your note of indebtedness is worn out or fading, get it certified by a Court of Law.
179.11) Do not keep a paid note in your possession.
179.12) Guard a pawn carefully.
179.13) Make sure the borrower understands the pledge he makes.
179.14) If the lender says nothing is owed him, he has remitted the debt.
179.15) When the borrower repays the debt to the lender’s messenger, the messenger acquires title to the money on behalf of the lender as soon as it is handed to him and the borrower may not take it back.