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66 "Cardholder" means an individual to who a charge card is given. Iowa Code § 537.1301(7); a "charge card" is really a "card or unit given under an arrangement pursuant to which a card-issuer provides a cardholder the privilege of buying or leasing home or solutions, acquiring loans or else acquiring credit through the card provider or any other people. " Iowa Code § 537.1301(16). The employment of the expression "cardholder" being an adjective modifying "agreement" limits the world of credit agreements pursuant to which the surcharge is permissible.
67 "A statute should really be construed in order for effect is directed at all its provisions, in order that no right component is supposed to be inoperative or superfluous. " 2A Sutherland Statutory Construction Sec. 46.06 Ed that is(5th.
68 See also note 63, above. There being no legislative history, there's no formal record as to the reasons credit card providers could have been singled down to be allowed the NSF surcharge nonetheless, out-of-state nationwide banking institutions which issue the most of charge cards from their house base in another of a rather few deregulated states (such as for instance Delaware and Southern Dakota), had started regularly imposing significant NSF fees, along side belated costs and over-the-limit (OTL) costs and higher interest levels within the mid-80s.