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This law applies only to loans you have made to other Israelites. Foreigners will still have to pay back what you have loaned them.

4-6 No one in Israel should ever be poor. The Lord your God is giving you this land, and he has promised to make you very successful, if you obey his laws and teachings that I'm giving you today. You will lend money to many nations, but you won't have to borrow. You will rule many nations, but they won't rule you.

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