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BGB 141. 1 If a void legal transaction is confirmed by the person who undertook it , the confirmation is to be seen as a renewed undertaking .
BGB 141. 2 If a void contract is confirmed by the parties , then in case of doubt they are obliged to grant to each other what they would have granted if the contract had been valid from the beginning .
BGB 144. 1 Avoidance is excluded , if the voidable legal transaction is confirmed by the person entitled to avoid .
BGB 493. 1 The provisions of section 492 do not apply to consumer loan contracts in which a banking institution gives a borrower the right to overdraw his current account by a specified amount , if , apart from interest , no other charges are made for the loan taken out and the interest is not charged in periods shorter than three months . The banking institution must advise the borrower prior to such a loan being drawn on of the maximum limit of the loan , the annual rate of interest applicable at the time of the advice , the terms on which the rate of interest can be changed , the provisions for termination of the contract . The contract terms referred to in sentence 2 nos . 1 to 4 must be confirmed in writing to the borrower at the latest after the borrower has drawn on the loan for the first time . During the period in which he is drawing on the loan the borrower must also be given notice of any change in the annual rate of interest . The confirmation under sentence 3 and the notice under sentence 4 must be made in text form ; it is sufficient if they are given on a bank statement .