Deuteronomy 15:1-8

The Year for Canceling Debts 1At the end of every seven years you must cancel debts. 2This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the LORD ’s time for canceling debts has been proclaimed. 3You may require payment from a foreigner, but you must cancel any debt your fellow Israelite owes you. 4However, there need be no poor people among you, for in the land the LORD your God is giving you to possess as your inheritance, he will richly bless you, 5if only you fully obey the LORD your God and are careful to follow all these commands I am giving you today.

6For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you. 7If anyone is poor among your fellow Israelites in any of the towns of the land the LORD your God is giving you, do not be hardhearted or tightfisted toward them. 8Rather, be openhanded and freely lend them whatever they need.