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Section 312f Termination and power of attorney to terminate
BGB 312f If a continuing obligation is established between an entrepreneur and a consumer pursuant to this subtitle intended to substitute a continuing obligation existing between the consumer and another entrepreneur , and on the occasion of the establishment of the continuing obligation the consumer declares the termination of the existing continuing obligation and commissions the entrepreneur or a third party commissioned by the latter to transmit the termination to the previous contractual partner of the consumer , or empowers the entrepreneur or a third party commissioned by the latter to declare the termination towards the consumer’s previous contractual partner , the consumer’s termination or the power of attorney shall require to be in text form .
BGB 492. 4 Subsections ( 1 ) and ( 2 ) also apply to a power of attorney granted by a borrower to enable the attorney to enter into a consumer loan contract . Sentence 1 does not apply to a power of attorney for legal proceedings and a power of attorney notarially recorded .
BGB 494. 1 The consumer loan contract and the power of attorney given by the consumer to enter into such a contract are void if written form is not complied with at all or if any of the items of information specified in section 492 ( 1 ) sentence 5 nos . 1 to 6 is lacking .