Deuteronomy 15:2

“And this is the manner of the release, etc.] Or the rules to be observed in making it: every creditor that lendeth ought unto his neighbour shall release it; that is, forgive the debt, or free the debtor from any obligation to payment. Some think this was only a release of debts for this year, in which there was no ploughing nor sowing, and so a poor man could not be in any circumstances to pay his debts, but might be exacted afterwards; but it rather seems to be a full release, so as the payment of them might not be demanded, neither this year nor afterwards; indeed, if a person afterwards should be in a capacity to pay his debts, he would be obliged, in conscience, duty, and honour, to pay…”

“Every creditor that lendeth ought unto his neighbour shall release it--not by an absolute discharge of the debt, but by passing over that year without exacting payment. The relief was temporary and peculiar to that year during which there was a total suspension of agricultural labor. he shall not exact it . . . of his brother--that is, an Israelite, so called in opposition to a stranger or foreigner. because it is called the Lord's release--The reason for acquitting a debtor at that particular period proceeded from obedience to the command, and a regard for the honor, of God; an acknowledgment of holding their property of Him, and gratitude for His kindness.”

“The year of release is no doubt identical with the sabbatical year of the earlier legislation (Exodus 23:10 ff, and Leviticus 25:2 ff), the command of the older legislation being here amplified. The release was probably for the year, not total and final, and had reference only to loans lent because of poverty (compare Deuteronomy 15:4, Deuteronomy 15:7). Yet even so the law was found to be too stringent for the avarice of the people, because it was one of those which the rabbis “made of none effect by their traditions.” Deuteronomy 15:2 Because it is called the Lord’s release - Render, because proclamation has been made of the Lord’s release. The verb is impersonal, and implies (compare…”

“Every creditor - Here is, a law for poor, insolvent debtors. Every seventh year was a year of release, when among other acts of grace, this was one, that every Israelite, who had borrowed money, and had not been able to pay it before, should this year be released from it. And tho' if he was able, he was bound in conscience to pay it afterwards, yet it could not be recovered by law. His brother - This is added to limit the word neighbour, which is more general, unto a brother, in nation and religion, an Israelite. The Lord's release - Or, a release for the Lord, in obedience to his command, for his honour, and as an acknowledgment of his right in your estates, and of his kindness in giving…”

“15:2 The time of release was to occur every seventh year across the nation (the Sabbath year, Lev 25:1-7). The time frame followed the calendar rather than the length of the loan arrangement. This meant that the year of release could fall as soon as a year after a loan was made.”

“creditor that lendeth: Heb. master of the lending of his hand exact it: Neh 5:7-11; Isa 58:3; Amo 8:4-6; Mat 6:12, Mat 6:14, Mat 6:15, Mat 18:25-35; Luk 6:34-38; Luk 7:42; Jam 2:13 Deuteronomy 15:3”