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Second: It is completely a covenant of grace through faith.
(We do nothing to merit this covenant!) Rom 3:24-25 (RSV) "they are
justified by his grace as a gift, through the redemption which is in Christ
Jesus, 25whom God put forward as an expiation by his blood, to be received
by faith.
This was to show God's righteousness, because in his divine forbearance he
had passed over former sins;"

Third: It is dispensation of righteousness.
Rom 8:10 (RSV) "But if Christ is in you, although your bodies are dead
because of sin, your spirits are alive because of righteousness."
1Cor 1:30 (RSV) "He is the source of your life in Christ Jesus, whom
God made our wisdom, our righteousness and sanctification and
redemption;"
God has made us holy: (Hebrews 10:14 RSV) “For by a single offering he
has perfected for all time those who are sanctified.” (Everyone who
believes in Jesus Christ and trusts in Him is sanctified.)

Fourth: It is a dispensation of life.
The Spirit gives life. John 6:63 (RSV) "It is the spirit that gives life, the
flesh is of no avail; the words that I have spoken to you are spirit and life."

Fifth: God’s law is written on our heart and mind
Not in a book or on tablets of stone. Hebrews 10:16

Sixth God remembers our sins no more.
Hebrews 10:17

Seventh: No more offering for sin is available or necessary.
Hebrews 10:18

Eighth: Believers in Jesus Christ (what the bible calls saints) are perfected for all time.
Hebrews 10:14

Ninth: It is all ratified by the Blood of Jesus.

III. New Covenant completely replaced the Old Covenant
Hebrews 8:13 “In speaking of a new covenant he treats the first as
obsolete. And what is becoming obsolete and growing old is ready to
vanish away."
Hebrews 8:13 (New Living Translation) When God speaks of a “new”
covenant, it means he has made the first one obsolete. It is now out of date
and will soon disappear.
Hebrews 7:22 RSV “This makes Jesus the surety of a better covenant."

1. God does it all.
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