66 “Cardholder” means an individual to whom credit cards is granted. Iowa Code § 537.1301(7); a “charge card” is a “card or unit given under an arrangement pursuant to which a card-issuer provides cardholder the privilege of buying or property that is leasing solutions, getting loans or else acquiring credit through the card provider or any other people. ” Iowa Code § 537.1301(16). Making use of the word “cardholder” as a modifying that is adjective” limits the universe of credit agreements pursuant to which the surcharge is permissible.
67 “A statute should really be construed in order that effect is provided to all its provisions, to make certain that no component will likely 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 history that is legislative there’s no formal record as to the reasons card providers could have been singled off to be allowed the NSF surcharge nevertheless, out-of-state nationwide banking institutions which issue the most of bank cards from their house base in another of an extremely few deregulated states (such as for instance Delaware and Southern Dakota), had started routinely imposing significant NSF costs, along side belated costs and over-the-limit (OTL) costs and greater rates of interest when you look at the mid-80s.