66 «Cardholder» means an individual to who credit cards is granted. Iowa Code § 537.1301(7); a «charge card» is a «card or device granted under an arrangement pursuant to which a card-issuer provides a cardholder the privilege of buying or property that is leasing solutions, getting loans or elsewhere acquiring credit through the card company or any other people. » Iowa Code § 537.1301(16). The usage the word «cardholder» as an adjective modifying «agreement» limits the world of consumer credit agreements pursuant to which the surcharge is permissible.
68 See also note 63, above. There being no legislative history, there is absolutely no formal record why credit card providers might have been singled off to be allowed the NSF surcharge but, out-of-state nationwide banking institutions which issue the almost all bank cards from their house base in another of a rather few deregulated states (such as for example Delaware and Southern Dakota), had started regularly imposing significant NSF costs, along side belated charges and over-the-limit (OTL) costs and greater interest levels within the mid-80s. Leer más