וְזֶה֮ דְּבַ֣ר הַשְּׁמִטָּה֒ שָׁמ֗וֹט כָּל־בַּ֙עַל֙ מַשֵּׁ֣ה יָד֔וֹ אֲשֶׁ֥ר יַשֶּׁ֖ה בְּרֵעֵ֑הוּ לֹֽא־יִגֹּ֤שׂ אֶת־רֵעֵ֙הוּ֙ וְאֶת־אָחִ֔יו כִּֽי־קָרָ֥א שְׁמִטָּ֖ה לַֽיהוָֽה׃
豁免的條例是這樣的：凡借錢給鄰舍的債主，都要鬆手免除這筆債；不可向他的鄰舍、他的弟兄催討，因為歸給永恆者的豁免已經宣告了。
Rashi
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.
Ibn Ezra
The word debt [Hebrew: masheh] has the same form as the word “staff’ [Hebrew: maṭṭeh], and in my opinion is a noun (according to many, however, it is a verb [meaning “lending” — Translator]). The word possessor is here used in the same sense as in “wisdom preserves the lives of them that have it” [Ecclesiastes 7: 12], or “takes away the life of its owners” [Proverbs 1: 19], denoting the person to whom something belongs.
Rashbam
'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.