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BGB 496. 2 If a claim of the lender from a loan contract is assigned to a third party , or if the identity of the lender is changed , the borrower must be notified of this without delay , as well as of the contact data of the new creditor in accordance with section 1 ( 1 ) Nos . 1 to 3 of the Civil Law Ordinance on Duties to Provide Information [ BGB-Informationspflichten-Verordnung ] . Notification shall be dispensable with assignments if the previous lender has agreed with the new creditor that only the previous lender is identified in the relationship with the borrower . If the preconditions of sentence 2 continue , notification must be subsequently carried out .