Tuesday, November 5, 2013

Holding a loan document


Once a debt is fully re-paid, the lender is not permitted to hold on to the loan document, even where the borrower trusts him and does not demand it, and even where the has lender provided a receipt. We are concerned that keeping the document may lead to inappropriate claims on the borrower in the future.

(Pitchei Choshen, Halvaah 2:39-40)

Have a great day,

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