1,175. Lending to the Wealthy - HaShoneh Halachos

Rabbi Jack Abramowitz, MS Ed., is Torah Content Editor at the Orthodox Union. He is the author of nine books, including The Tzniyus Book, The Taryag Companion, The God Book and Ask Rabbi Jack. His two-volume The Complete Targum Onkelos is available from Kodesh Press as well as on Amazon.

179:2 Even if a wealthy person needs a loan, it is a mitzvah to lend to him. It is likewise a mitzvah to make him feel good through kind words and to give him appropriate forms of advice.

179:3 It is prohibited to lend money without witnesses unless the loan is made against some form of collateral. This is true even if the borrower is a Torah scholar, whose honesty is beyond reproach. The best procedure is to make the loan with a promissory note.

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