(1) Section 497 (1) and (3) as well as section 498, and sections 505a to 505c as well as section 505d (2) and (3) as well as section 505e are to be applied accordingly to agreements by which a trader grants a gratuitous loan to a consumer. This does not apply in the scope specified in section 491 (2) sentence 2 no. 1.
(2) In the case of credit agreements for a gratuitous loan in accordance with subsection (1), the consumer is entitled to a right of withdrawal pursuant to section 355. This does not apply if a right of withdrawal pursuant to section 312g (1) already exists, nor does it apply in the case of agreements corresponding to section 495 (2), no. 1. The trader is to inform the consumer of their right of withdrawal in due time prior to the latter making their declaration of intent in accordance with Article 246 (3) of the Introductory Act to the Civil Code (Einführungsgesetz zum Bürgerlichen Gesetzbuche). The trader may comply with this obligation by transmitting to the consumer the template provided for in Annex 9 to the Introductory Act to the Civil Code (Einführungsgesetz zum Bürgerlichen Gesetzbuche) for the notification of revocation, duly completed, in text form.