Obligation of Prozbul for Children

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Question

Do children need to perform a Prozbul?

Answer

Shalom Rav,

A child who does not have money or a child who has money but has not lent it to anyone does not need to perform a Prozbul. However, if a child has a bank account, savings plan, etc., the money belongs to the child, and he lends it to the bank. In such a case, a Prozbul should be performed because there are opinions that the Shemitah year cancels debts owed to a minor. However, a minor cannot create a legal document, so his father, who is considered the guardian, should perform the Prozbul on his behalf.

This law applies to a girl as well as to a boy.

Yom Tov

Source

See Tumim, Siman 67:25, and Minchat Chinuch 475, which discuss the issue of Shemitah concerning money belonging to a minor.

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