(1) In the case of a long-term holiday product contract, the form sheet designated in Article 242 section 1 (2) of the Introductory Act to the Civil Code (Einführungsgesetz zum Bürgerlichen Gesetzbuche) includes an instalment plan. The trader may not deviate from the payment methods designated therein. The trader may only demand or accept the annual instalment from the consumer that is due according to the form sheet if the trader previously has requested in text form that the consumer pay this instalment. The payment request must be received by the consumer at least two weeks prior to the due date of the annual instalment.
(2) From the point in time provided for under subsection (1) for the payment of the second instalment, the consumer may terminate the contract within two weeks of receipt of the payment request on the due date defined in subsection (1).