Hebrews 8:10-12 For this is the covenant that I will make with the house of Israel after those days, says the LORD: I will put My laws in their mind and write them on their hearts; and I will be their God, and they shall be My people. None of them shall teach his neighbor, and none his brother, saying, `Know the LORD,' for all shall know Me, from the least of them to the greatest of them. For I will be merciful to their unrighteousness, and their sins and their lawless deeds I will remember no more.
As we read this passage in the scripture, we see the promise of the change of relationship concerning the law. In the Old Covenant, the law was written on tablets of stone and could not reside within us. It was cold, lifeless, and unmerciful and had to be followed to the letter. It required complete perfection. It couldn’t regenerate, and it could not translate life.
However, with the New Covenant came a new way to relate to God, which came through the shed blood of our Savior (Luke 22:20). As Jesus stated, He fulfilled the law (Matthew 5:17). Because of this great and perfect work, we now stand before our Father and LORD redeemed and sanctified (Romans 10:4; Galatians 3:24; 4:4-5). Now the Holy Spirit resides within us and we are His temple or tabernacle. We no longer rely on the teaching of men to instruct us through the Word of God because now we have the LORD teaching us (1 John 2:27). Now we are instructed to fellowship and compare all teaching with the Word of God and allow the LORD to correct (Hebrews 10:22-25; Acts 17:11; Philippians 3:15-16; 1 Corinthians 11:19).
This set of scriptures closes with the promise that God will no longer hold us accountable to pay the debt of sin we incurred because of our sins. Jesus has paved the way for mercy and has paid the debt in full.
Ephesians 1:7 In Him we have redemption through His blood, the forgiveness of sins, according to the riches of His grace…
God has done it all for us. Is there any reason why we would think that we have to do anything other than believe? See Colossian 2:6. This verse truly spells out grace for us. We have redemption through His blood, the forgiveness of sins, and the riches in His grace.
Redemption: A releasing or liberation effected by payment of ransom or deliverance (OLB). It was a price paid for redeeming slaves or captives. It means that you were once separated by your sins and incapable of coming together or making peace between you and God. It was the ransom paid for a life. It was paid by Jesus to liberate all who would believe in Him, liberate them from misery and the penalty of their sins.
Forgiveness: Forgiveness or pardon, of sins (letting them go as if they had never been committed), remission of the penalty; to send away; to let go, let alone, let be; to let go, give up a debt, forgive, to remit; to give up, keep no longer (OLB).
Grace: Good will, loving-kindness, favor, of the merciful kindness by which God, exerting his holy influence upon souls, turns them to Christ, keeps, strengthens, increases them in Christian faith, knowledge, affection, and kindles them to the exercise of the Christian virtues (OLB).
1 Peter 2:24 …who Himself bore our sins in His own body on the tree, that we, having died to sins, might live for righteousness—by whose stripes you were healed.