Time for Drafting the Prozbul

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Question

When is the appropriate time to draft a Prozbul?

Answer

A Prozbul can be drafted at any time. However, since the Prozbul does not apply to loans given after it is written,  it should be done after the last time money is deposited into the bank account.

Someone who has loans and fears they might forget to draft a Prozbul on the eve of Rosh Hashanah should do it in advance. Afterwards, they should draft another Prozbul for loans given until the eve of Rosh Hashanah.

Source

Shulchan Aruch, Choshen Mishpat, 67:32, Sma, 56:54

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