1,183. Loans with Collateral

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.

180:3 If one person lends money to another against some collateral, the loan is not canceled.  If the collateral is real estate, there are a number of different concerns.

180:4 If the co-signer paid off the loan and the sabbatical year arrives before the borrower can repay the co-signer, the debt is canceled.

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