Collateral for a Loan

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A debtor could offer their outer garment as collateral. However, the lender had to return the garment at night. Failing to return such a garment was a sin.

 

 

INTRODUCTION

 

A debtor could offer their outer garment as collateral. However, the lender had to return the garment at night to protect the debtor from the cold.

Failing to return such a garment was a sin.

 

BIBLE VERSES

 

Exodus 22:26. If you take your neighbor’s garment as collateral, you shall restore it to him before the sun goes down,

Exodus 22:27. for that is his only covering, it is his garment for his skin. What would he sleep in? It will happen, when he cries to me, that I will hear, for I am gracious.

Deuteronomy 24:12. If he is a poor man, you shall not sleep with his pledge.

Deuteronomy 24:13. You shall surely restore to him the pledge when the sun goes down, that he may sleep in his garment and bless you. It shall be righteousness to you before the LORD your God.

Job 22:6. For you have taken pledges from your brother for nothing, and stripped the naked of their clothing.

Job 24:7. They lie all night naked without clothing, and have no covering in the cold.

 

Unless otherwise noted, all Bible quotations on this page are from the World English Bible and the World Messianic Edition. These translations have no copyright restrictions. They are in the Public Domain.