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# A loan document with interest can be used to collect the capital and not the interest.<ref>Shulchan Aruch 161:11</ref> | # A loan document with interest can be used to collect the capital and not the interest.<ref>Shulchan Aruch 161:11</ref> | ||
# If the document included the capital and the interest and didn't specify what part of the obligation was capital and what was interest he can't use that document to collect anything.<ref>Shulchan Aruch 161:11</ref> | # If the document included the capital and the interest and didn't specify what part of the obligation was capital and what was interest he can't use that document to collect anything.<ref>Shulchan Aruch 161:11</ref> | ||
==Converting an Interest Loan into a Heter Iska== | ===Converting an Interest Loan into a Heter Iska=== | ||
# Some hold that it is evading ribbit and forbidden to convert an interest loan into a heter iska.<ref>Yabia Omer YD 1:13 forbids this because of haramat ribbit unlike the Rav Poalim YD 4:11 who allows converting a loan with interest into a loan with a penalty if not returned by the delivery date. Yabia Omer argues that doing such a conversion is haaramat ribbit. Radvaz 3:511 writes that haaramat ribbit depends on the time and place and in a generation that isn't careful in this area more cases are forbidden.</ref> | # Some hold that it is evading ribbit and forbidden to convert an interest loan into a heter iska.<ref>Yabia Omer YD 1:13 forbids this because of haramat ribbit unlike the Rav Poalim YD 4:11 who allows converting a loan with interest into a loan with a penalty if not returned by the delivery date. Yabia Omer argues that doing such a conversion is haaramat ribbit. Radvaz 3:511 writes that haaramat ribbit depends on the time and place and in a generation that isn't careful in this area more cases are forbidden.</ref> | ||