וְזֶה֮ דְּבַ֣ר הַשְּׁמִטָּה֒ שָׁמ֗וֹט כָּל־בַּ֙עַל֙ מַשֵּׁ֣ה יָד֔וֹ אֲשֶׁ֥ר יַשֶּׁ֖ה בְּרֵעֵ֑הוּ לֹֽא־יִגֹּ֤שׂ אֶת־רֵעֵ֙הוּ֙ וְאֶת־אָחִ֔יו כִּֽי־קָרָ֥א שְׁמִטָּ֖ה לַֽיהוָֽה׃
Voici le sens de cette rémission: tout créancier doit faire remise de sa créance, de ce qu’il aura prêté à son prochain. Il n’exercera pas de contrainte contre son prochain et son frère, dès qu’on a proclamé la rémission en l’honneur du Seigneur.
Rashi on Deuteronomy
שמוט כל בעל משה ידו means as much as שמוט את ידו של כל בעל משה THERE SHALL BE A RELAXING OF THE HAND OF EVERY CREDITOR.
Sforno on Deuteronomy
וזה דבר השמטה, when G’d said והשביעית תשמטנה, (Exodus 23,11) the meaning was that you should also have a concept of sh’mittat kessaphim, releasing overdue debts by your debtor at the end of that year. The words משה ידו, “what is owed him as a creditor” in our verse make this pretty clear. [Furthermore, if the word מקץ means “at the end,” it is clear that this verse does not refer to the produce grown during that year. Ed.]
Rashbam on Deuteronomy
'כי קרא שמיטה לה, in other words: the time has come which we know as sh’mittah from Leviticus 23,2. Proclaiming this period as such is similar to proclaiming all the festivals in advance, hence the expression קרא, as in מקראי קודש. Even fast days are proclaimed in advance as we know from Lamentations 1,15, or Jeremiah 36,9.