(1) The exercise of the right of withdrawal by the consumer terminates the obligation of the parties to perform the regulated contract.

(2) Where the consumer exercises the right of withdrawal, the consumer shall neither bear any cost nor be liable for any value corresponding to any service, which may have been performed before withdrawal.

(3) A trader who purports to perform obligations or seek performance of obligations under a contract by a consumer, including in respect of any costs purported to have been incurred or services performed, where a right of withdrawal by the consumer has been exercised is guilty of an offence.