Agreement for U.S. Bank National Association  
Investment Equity Line of Credit Accounts 

This line of credit program is administered by U.S. Bank National Association. This information is accurate as of 
December 31, 2013.  PLEASE NOTE that this information is provided for general information purposes only and is not 
specific to your Account.  See the Agreement that was provided for your Account and Card for more detailed information, 
including contact information. 

PRICING INFORMATION: Actual pricing will vary from one Borrower to another 

(APR = Annual Percentage Rate) 
(DPR = Daily Periodic Rate) 
Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for 
Purchases, Balance Transfers, 
and Cash Advances 

Paying Interest 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 

Fees 
Set-up and Maintenance Fees 
  Annual Fee 
  Enrollment Fee 

Transaction Fees 
  Cash Advance  

  Cash Equivalent Advance 

  Foreign Transaction 

Prime +0.00% to Prime +1.50%  
This APR will vary with the market based on the Prime 
Rate.  

Your due date is 24-30 days after the close of each billing 
cycle.  There is no interest-free period. 
To learn more about factors to consider when applying for 
or using a credit card, visit the website of the Consumer 
Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore 

$20 
$25 (one-time fee) 

Either $1.50 or 2% of the amount of each advance, 
whichever is greater (maximum fee: $10) 
Either $10 or 4% of the amount of each advance, 
whichever is greater (maximum fee: no maximum)  
2% of each foreign purchase transaction or foreign ATM 
advance transaction in U.S. Dollars. 
3% for foreign purchase transaction or foreign ATM 
advance transaction in a Foreign Currency. 

Penalty Fees 
  Late Payment 
  Returned Payment 
  Overlimit 

Up to $35 
Up to $35 
NONE 

How We Will Calculate Your Balance: We use a method called “average daily balance 
(including new purchases)”.  See your Account agreement for more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those 
rights is provided in your Account agreement.  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
P.O BOX 6361 
FARGO, ND 58125-6361 

INVESTMENT EQUITY LINE OF CREDIT  
PROMISSORY NOTE AND PLEDGE AGREEMENT 

IMPORTANT NOTICE: 
Please  read  the  Agreement  that  is  provided  with  the  Account  carefully  and  keep  it  in  a  safe  place.  This 
Agreement  will  apply  to  your  Investment  Equity  Line  of  Credit  Account  when  you  borrow  under  it.  If  you 
object to anything in this Agreement, call the phone numbers shown in the Agreement that is provided with the 
Account to cancel the Investment Equity Line of Credit immediately. This Agreement will not be in effect until 
the  Transfer  Agent  confirms  that  a  hold  has  been  placed  on  sufficient  Stock  to  secure  your  Account.  The 
Agreement becomes effective as soon as you or someone authorized by you uses the Access Card or Account, but 
no  later  than  30  calendar  days  after  we issue  and  you  fail  to  return  the  Card.    This  web  Agreement  does  not 
replace the Agreement that is provided with the Account. 

This Agreement contains an arbitration provision (including a class action arbitration waiver).  It is important 
that you read the entire Arbitration Provision section carefully. 

PLEASE REFER TO THE ATTACHED DOCUMENT FOR THE SUMMARY OF IMPORTANT TERMS ON 
YOUR ACCOUNT. 

DEFINITIONS: 
“Access Card” means Visa® card that will be issued to access your Investment Equity Line of Credit Account. 
“Account” means your Investment Equity Line of Credit Account 
“Additional  Collateral”  means  all  stock,  other  securities,  cash,  and  anything  else  that  is  exchanged  for  any  Stock  or 
other Additional Collateral, or is issued or paid to shareholders of Stock or any other Additional Collateral, because of 
an acquisition, merger, spin off, stock split, or any other reason.  Normal cash dividends are not included in “Additional 
Collateral.” 
“Bank”, “we”, “us”, and “our” means U.S. Bank National Association. 
“Billing Cycle” means a period of about 30 days. Each statement you receive shows amounts for one Billing Cycle. 
“Borrower”, “you” and “your” means each individual. 
“Collateral” means the Stock and Additional Collateral. 
“Held Collateral” means all Stock and Additional Collateral on which the Transfer Agent has placed a hold.  See the 
COLLATERAL HOLDS section below. 
“Interest Charge” is explained in the INTEREST CHARGE section below. 
“Investment Equity Line Checks” means checks used to access your Investment Equity Line of Credit Account. 
“Owner(s)” means each individual who owns the Stock. 
“Stock”  means  the  stock  described  in  the  COLLATERAL  HOLDS  section  below  whether  or  not  a  hold  has  been 
placed. 
“Stock Account(s)” means the stock plan account or accounts described in the COLLATERAL HOLDS section below.  
“Transfer Agent” means Computershare Inc, U.S. Bank National Association, or any replacement administrator of the 
Stock Account(s). 

COLLATERAL HOLDS: Bank will tell the Transfer Agent to put a hold on a specific number of shares of Stock of 
an eligible participating company  in a stock account held at the Transfer  Agent. The Transfer  Agent shall also put a 
hold on all Additional Collateral that is issued or paid in exchange for any Collateral (including Stock) on which a hold 
has  been  placed  at  any  time.  The  Transfer  Agent  shall  also  put  a  hold  on  all  Additional  Collateral  that  is  issued  on 
Account of any Collateral on which a hold has been placed at any time. (All Stock and Additional Collateral on which 
the  Transfer  Agent  has  put  a  hold  is  called  “Held  Collateral.”)  That  means  that  the  Transfer  Agent  will  not  let  the 
Owner(s) sell or  withdraw any Held Collateral without Bank’s permission. The Owner(s) agrees that Bank may give 
the  Transfer  Agent  any  orders  about  any  Held  Collateral.  Bank  may  also  give  the  Transfer  Agent  any  orders  about 
dividends  and  other  payments  on  any  Held  Collateral.  Bank  may  also  tell  the  Transfer  Agent  not  to  change  the 
Owner(s) on the Stock Account(s). Pursuant to an existing Agreement between Bank and Transfer Agent, the Transfer 
Agent  will  follow  Bank's  instructions  without  obtaining  Owner's  permission.    For  example,  Bank  may  order  the 
Transfer Agent to sell any Held Collateral and pay Bank the money. Bank agrees not to give such orders unless you are 

 
 
 
 
 
 
 
 
 
 
 
 
  
in default. Bank does not have to sell any Held Collateral even if the price of the Held Collateral is falling. No one else 
- not even the Owner(s) - can give the Transfer Agent orders about any Held Collateral. If the Stock price has decreased 
(including as a result of a Stock split or exchange), or the Borrower(s) is in default, then Bank may decide it needs a 
hold on more shares of Stock and Additional Collateral to protect Bank on the Borrower’s Investment Equity Line of 
Credit Account. Then Bank can tell the Transfer Agent to put a hold on more shares of Stock and Additional Collateral 
without telling the Owner(s). If there is more than one Stock Account, Bank may  choose which shares of Stock and 
Additional  Collateral  to  sell  or  place  a  hold  on.  Bank  will  release  the  Held  Collateral  hold  within  10  days  after  the 
Borrower’s Account is terminated and all amounts owed have been paid. There may be some further delay in releasing 
the shares unless final payments have been made in collected funds (e.g. by cashier’s check or certified check). Also, if 
the Credit Limit is decreased at the Borrower(s)’ request, Bank may be able to reduce the number of shares held. 

STOCK COLLATERAL: The Owner(s) pledges all Collateral (which means Stock and Additional Collateral) now or 
later  in  the  Stock  Account(s).  The  pledge  protects  Bank  if  the  Borrower(s)  does  not  make  all  the  payments  the 
Borrower(s) owes. The pledge covers all the amounts the Borrower(s) owes Bank now or later, even if the Credit Limit 
is increased. The Owner(s) understands all the Collateral in the Stock Account(s) is pledged to Bank, even though there 
may be a hold on only some of the shares. The Owner(s) may sell any shares on which a hold has not been placed. The 
Owner(s) gives up any exemption on the Collateral - an “exemption” is a legal protection against creditors. You do not 
pledge anything you buy with any Investment Equity Line of Credit loan. The Owner(s) agrees that the Transfer Agent 
may give Bank information about the Collateral and the Stock Account(s). The Owner(s) guarantees that no Owner(s) 
is an insider of a company that issues any of the Collateral. If an Owner becomes an insider, the Owner(s) agrees to 
notify Bank. Bank can then cancel your Account immediately. 

PERIODIC RATES:  
Your  Variable  ANNUAL  PERCENTAGE  RATES  (APRs)  are  calculated  by  adding  a  margin  to  the  Index.  Your 
variable  DAILY  PERIODIC  RATE  (DPR)  is  equal  to  1/365th  of  the  corresponding  APR.  Your  DPR  and 
corresponding APR may increase or decrease from time to time according to the movements up or down of the Index, 
which is the Prime Rate published in the "Money Rates" section of the Midwest Edition of The Wall Street Journal on 
the last publication day before the date on which the billing cycle closed (in other words, the "statement date").  Any 
variable rate adjustment based on an Index change will be effective as of the first day of the current billing cycle, and 
will apply to the new and outstanding Account balances and transactions subject to that variable rate. We reserve the 
right to choose a comparable new Index if The Wall Street Journal ceases to publish a Prime Rate.  The margin is the 
percentage we add to the Index to calculate the APR.  The current applied Index value for your Account is 3.25%.   

USING  YOUR  ACCOUNT:  Bank  agrees  to  make  loans  to  you  under  your  Account.  Bank  does  not  have  to  make 
loans  if  you  are  in  default  (see  DEFAULT  section),  or  your  Account  is  canceled  (see  CANCELING  YOUR 
ACCOUNT section).  You may request a loan by writing an Investment Equity Line Check. You agree that each U. S. 
Bank Investment Equity Line Check  will be for at least $100.00. Or  you may  use  your Bank issued VISAcard on 
your Account.  You agree not to use any loan to buy or refinance any Collateral.  If this line is secured by margin 
Collateral,  you  agree  not  to  use  any  of  the  funds  we  lend  you  under  this  Agreement  to  purchase  or  refinance  the 
purchase of securities. 

CREDIT LIMIT: Your Credit Limit is provided on the Agreement that is provided with your Account. You agree not 
to borrow more than your Credit Limit. Bank does not have to lend you more than your Credit Limit. If you do go over 
your Credit Limit,  you agree to pay back any extra amount immediately. Bank  may lower  your  Credit Limit if  your 
Collateral value decreases, in which case Bank will then send you a written notice of your new Credit Limit. If your 
new Credit Limit is less than your balance, then you will have to pay that extra amount. 

it is properly signed and completed, and 
there seems to be no problem with the check, and 
it is written in U.S. dollars for at least $100, and  
it is written on Bank’s U.S. Bank Investment Equity Line of Credit check form, and 
your Account has available credit to cover the amount of the check, and 
you are not in default. 

WRITING CHECKS ON YOUR ACCOUNT: Bank will pay a check on your Account if: 
 
 
 
 
 
 
Otherwise, Bank may return the check. We may return a check unpaid if:  
(a) the credit available under your Account is less than check amount;  
(b) the Account is in Default; or  
(c)  the  check  is  improperly  endorsed  or  otherwise  fails  to  conform  to  our  regularly  accepted  standards  for  check 
payment.  
If your checks have been reported as lost or stolen, you will have to obtain checks with a new Account number. 

 
 
 
 
 
 
 
 
 
CHECK STOP PAYMENT ORDERS: You may request Bank to stop the payment on any check you have written on 
your Account. Here are some stop payment rules: 

The order must be given in time. Otherwise, Bank may not be able to stop the payment. One normal working day 

is generally enough time, but not always. 

Bank cannot stop payment without complete, accurate information about the check. 
If Bank pays a check on which you stopped payment; you must prove that you did not owe the money. Otherwise, 

Bank does not have to pay you back. 

You  must  use  the  number  and  address  provided  in  the  Agreement  that  is  provided  with  the  Account  to  request  that 
payment be stopped on a check. You must call us promptly with an oral stop payment request and then provide us with 
a  written  confirmation  of  the  stop  payment  request  within  14  calendar  days.  Any  written  stop  payment  request  we 
receive will remain in effect for 6 months, unless you renew the request in writing before the end of that time. We may 
pay checks more than 6 months old. There may be circumstances under which a check must be paid, even if we have 
received a stop payment request from you. We will not be liable to you if we do not honor your stop payment request 
under those circumstances. If it is determined that a check should have been paid, but was not, we will not be liable for 
any  consequential,  punitive  or  incidental  damages  if  we  acted  in  good  faith.  Our  only  obligation  under  those 
circumstances  will  be  to  pay  the  designated  payee  the  amount  of  the  check  and  cancel  any  charges  assessed  against 
your Account as a result of any wrongful failure to honor the check. 

WRONGFUL  DISHONOR:    We  will  not  be  liable  for  consequential,  punitive,  or  incidental  damages  should  we 
wrongfully  dishonor  any  check  you  have  issued  against  your  Account  as  long  as  we  acted  in  good  faith.    Our  sole 
liability will be to pay the amount of the Investment Equity Line Check and cancel any charges assessed against your 
Account on your credit history to consumer reporting agencies and others who may properly receive that information. 

PAYMENT: You agree to repay all loans under your Account. You also agree to pay Bank INTEREST CHARGES 
on the loans. You also agree to pay any other amounts you may owe Bank, such as collection costs or attorney’s fees as 
allowed by law (except in California and New Hampshire). You agree to pay at least your minimum payment by the 
date shown on your monthly statement. Your minimum payment includes all of the following that apply: 

a. 
b. 
c. 

the amount of INTEREST CHARGE you owe.  
all previous payments you have not paid.  
any amount over your Credit Limit. 

If  we  cannot  collect  on  your  check  or  other  payment  item  you  send  us  to  pay  on  your  Account,  we  may  post  as  an 
Advance transaction an amount equal to the credit previously given to you for such check or payment item and we may 
charge interest on this amount from the date your Account originally was credited for the payment. After a payment has 
been made,  we reserve the right  to withhold available credit in the amount of the payment for 7 business days.  Any 
credit available before the payment is made will continue to be available for use during this time. 

MINIMUM  PAYMENT:    Each  month,  you  must  pay  at  least  the  Minimum  Payment  and  any  past  due  Minimum 
Payment(s) by the Payment Due Date shown on your monthly Account statement.  You may, at your option, pay more 
than the Minimum Payment or pay the New Balance (as stated on your monthly Account statement) in full to reduce or 
avoid the INTEREST CHARGE for the Account.  Transactions posting as credits will not reduce the amount of your 
minimum monthly payment. 

Your Minimum Payment will be calculated as follows:  first we determine the “Base Minimum Payment”, which is the 
greater of $50 or 1% of your New Balance (not including items (1) and (2) below).  To the Base Minimum Payment we 
may add one or more of the following items, as incurred on your Account:  (1) any late and/or Account Management 
Fees,  (2)  the  INTEREST  CHARGE,  and  (3)  if  your  Account  is  over  the  Credit  Limit,  some  or  all  of  the  balance 
amount over your Credit Limit.  If the resulting Minimum Payment is greater than $50, the total is then rounded to the 
next  highest  dollar  not  to  exceed  your  New  Balance.    Any  Minimum  Payment  or  additional  amount  you  pay  each 
month will not prepay any future Minimum Payments required, or change your obligation to make at least a Minimum 
Payment by the Payment Due Date.  

Payment  Hierarchy  -  We  apply  your  minimum  payment  to  balances  with  lower  APRs  first.  Amounts  paid  over  the 
minimum payment will be applied in the order of highest to lowest APR balances. 

RULES ABOUT PAYMENTS: You must pay us in U.S. Dollars with checks or similar payment instruments drawn 
on a financial institution located in the United States.  We will also accept payment in U.S. Dollars via the Internet or 
phone or previously established automatic payment transaction.  We  may, at our option, choose to accept a payment 
drawn on a foreign financial institution.  However, you will be charged and agree to pay any collection fees required in 
connection with such a transaction.  The date you mail a payment is different than the date we receive that payment.  
For  purposes  of  this  Agreement,  the  payment  date  is  the  day  we  receive  your  check  or  money  order  at  the  address 

 
 
 
 
 
 
 
 
 
 
specified  on  your  monthly  Account  statement  or  the  day  we  receive  your  electronic or  phone  payment.    If  you  mail 
your payment without a payment coupon or to an incorrect address, it may result in a delayed credit to your Account, 
additional INTEREST CHARGES, fees, and possible suspension of your Account.  

INTEREST CHARGE; Method of Computing Balance Subject to Interest Rate: We calculate the periodic rate or 
interest  portion  of  the  INTEREST  CHARGE  by  multiplying  the  applicable  DPR  by  the  Average  Daily  Balance 
(ADB) (including new transactions) of the Purchase, Advance and Balance Transfer categories subject to interest, and 
then  adding  together  the  resulting  interest  from  each  category.  We  determine  the  ADB  separately  for  the  Purchases, 
Advances  and  Balance  Transfer  categories.  To  get  the  ADB  in  each  category,  we  add  together  the  daily  balances  in 
those categories for the billing cycle and divide the result by the number of days in the billing cycle. We determine the 
daily balances each day by taking the beginning balance of those Account categories (including any billed but unpaid 
interest,  fees,  credit  insurance  and  other  charges),  adding  any  new  interest,  fees,  and  charges,  and  subtracting  any 
payments or credits applied against your Account balances that day. We add a Purchase, Advance or Balance Transfer 
to  the  appropriate  balances  for  those  categories  on  the  later  of  the  transaction  date  or  the  first  day  of  the  statement 
period. Billed but unpaid interest on Purchases, Advances and Balance Transfers is added to the appropriate balances 
for those categories each month on the statement date. Billed but unpaid Advance Transaction Fees are added to the 
Advance  balance  of  your  Account  on  the  date  they  are  charged  to  your  Account.    Any  billed  but  unpaid  fees  on 
Purchases, credit insurance charges, and other charges are added to the Purchase balance of the Account on the date 
they are charged to the Account. Billed but unpaid fees on Balance Transfers are added to the Balance Transfer balance 
of the Account on the date they are charged to the Account. In other words, billed and unpaid interest, fees, and charges 
will be included in the ADB of your Account that accrues interest and will reduce the amount of credit available to you. 
Credit insurance charges are not included in the ADB calculation for Purchases until the first day of the billing cycle 
following  the  date  the  credit  insurance  premium  is  charged  to  the  Account.  Prior  statement  balances  subject  to  an 
interest-free period that have been paid on or before the payment due date in the current billing cycle are not included 
in  the  ADB  calculation.      As  described  above,  this  Agreement  provides  for  the  compounding  of  interest  on  your 
Account. 

PAYING INTEREST:  There is no interest-free period for transactions that post to the Account except as provided in 
any Offer Materials.  Transactions are subject to interest from the date they post to the Account until the date they are 
paid in full. 

ADVANCES:    The  following  transactions  will  be  considered  Advances  and  will  be  assessed  Advance  Fees:  Cash 
Advances at automated teller machine (ATM) and teller locations and Cash Equivalent Advances (where permitted by 
law to be made by credit card).  Cash Equivalent Advances include Wire Transfers, Travelers Checks, Money Orders, 
Foreign Cash Transactions, Casino Gaming Transactions, Betting Transactions, and Lottery Tickets.  Cash Advances 
may be obtained at most U.S. Bank® and PLUS® SYSTEM ATM locations.  ATM transactions for Investment Equity 
Line  Visa®  Access  Cards  are  restricted  to  $500.00  per  day  if  the  Account  has  the  available  credit.    Minimum 
withdrawals will vary according to the type of ATM.  Cash Advances at teller locations are restricted to a minimum of 
$50.00 and a maximum advance up to the available credit. 

The  Advance  Fee  (INTEREST  CHARGE)  charged  to  your  Account  will  equal  the  disclosed  percentage  of  each 
Advance  or  the  minimum  dollar  amount,  whichever  is  greater.    The  maximum  dollar  amount,  if  any,  is  also  shown 
below. 

Type of Advance 
Cash Advance 
Cash Equivalent  

     Percentage     Minimum     Maximum 
     $10.00 
     2% 
     No Max 
     4% 

             $ 1.50 
             $10.00 

OTHER CHARGES: You agree to pay these fees. 
Annual  Fee:  A  fee  of  $20.00  will  be  assessed  as  a  loan  against  your  Account  on  your  first  statement  and  the  same 

month every year. 

Insurance  Premium:  You  agree  to  pay  the  premium  for  the  Payment  Protection Plan,  if  you  signed  up  for  it.    The 
premium will be assessed as a loan against your Account. 
Duplicate  Documentation  Fee:  A  fee  of  $2.00  will  be  assessed  as  a  loan  against  your  Account  for  each  copy  of 
monthly statements, sales slips, refunds slips, cash advances or other document that is requested. If the copy proves a 
billing error, there will be no charge. 

Enrollment Fee: A one-time  fee of $25.00  will be assessed  as a loan  against your Account and will appear  on your 

first statement. 

Late Payment Fee: A fee will be assessed as a loan against your Account if your Minimum Payment is not received by 
the Payment Due Date disclosed on your monthly Account statement (Payment Due Date is the date following the 
words "Payment must be received" on your statement).  The fee will be assessed as follows: the first time your payment 

 
 
 
 
 
 
 
 
is late, a Late Payment Fee of up to $25.00 will be assessed.  If another payment is late during the next 6 billing cycles, 
a Late Payment Fee of up to $35.00 will be assessed. 
Line Change Fee: A fee of $15.00 will be assessed as a loan against your Account for changing the Credit Limit on 

your Account. Bank must agree to the change.  

Overlimit Fee: There is no Overlimit Fee on your Account. 
Phone  Pay  Service  Charge:  If  you  call  us  to  make  a  payment  on  your  Account  and  are  assisted  by  a  Cardmember 
Service representative to make the payment, a $10.00 Phone Pay Service Charge will be assessed to your Account. 
Promotional  Discount  Transaction  Fee:  We  may  add  a  Promotional  Discount  Transaction  Fee  INTEREST 
CHARGE for each Promotional Discount you receive during the billing cycle, as outlined in any Offer Materials. 
Returned Payment Fee: A fee will be assessed as a loan against your Account if any payment on the Account is not 
honored or if we must return it to you because it cannot be processed.  The fee will be assessed as follows: the first 
time your payment is returned a fee of up to $25.00 will be assessed.  If another payment is returned during the next 
6 billing cycles, a fee of up to $35.00 will be assessed.  A payment that is returned unpaid will be sent for collection 
and may result in INTEREST CHARGES and revocation of Account privileges. 

Stop Pay U.S. Bank Investment Equity Line Check Fee: A fee of $35.00 will be assessed as a loan to the Purchase 

balance of your Account if you request a stop payment on a U.S. Bank Investment Equity Line Check. 

DEFAULT: You will be in default if: 
a. 

the Transfer Agent (including any replacement administrator) no longer administers the Stock Account(s) in a 
way that Bank believes properly protects Bank’s rights in the Collateral as collateral; or  
you do not make a payment on time; or 
the Credit Limit is greater than a predetermined percentage of the value of the shares in the Stock Account(s); 
or  
you do not comply with any part of this Agreement; or  
you become insolvent, assign any property for the benefit of  creditors, go into Bankruptcy, receivership or 
anything similar; or  
Bank has a reason to believe your Account is being used for fraud; or 
you are a married Wisconsin resident and Bank receives written notice of termination of this Agreement from 
your spouse; or  
you die. 

b. 
c. 

d. 
e. 

f. 
g. 

h. 

BANK’S  RIGHTS  IF  YOU  ARE  IN  DEFAULT:  If  you  are  in  default,  Bank  may  demand  that  you  pay  your  full 
Account balance immediately.  Bank may also sell the Collateral. If any law gives you time to  cure the default, Bank 
will give you notice about that. You must repay all loans on your Account both before and after that notice. Bank may 
also exercise any other legal right it has. 

COLLECTION  COSTS:  Except  in  California  and  New  Hampshire,  you  will  repay  Bank  any  money  it  spends 
protecting the pledge or enforcing this Agreement. This includes attorney’s fees unless prohibited by law.  Any amount 
spent may be treated as a loan on your Account until you repay it. 

DELAY IN ENFORCEMENT: Bank can delay enforcing its rights under this Agreement without losing them. Bank 
will still be able to recover all amounts you owe. 

CHANGES TO YOUR ACCOUNT:  Account and Agreement terms are not guaranteed for any period of time; we 
may change the terms of your Agreement, including APRs and fees, in accordance with applicable law and the terms of 
your Agreement. Your transactional experience with us may also cause a change, including an increase in the margin 
that is added to the Index, an increase in fees, or a decrease in the Credit Limit.  Factors considered in determining the 
increased rate or Credit Limit decrease may include your general credit profile, existence, seriousness and timing of the 
defaults under any agreement that you have with us, and other indications of the Account usage and performance. We 
will give you notice of any such change in the manner required by Ohio and federal law. Revised Account terms apply 
as of the effective date communicated in our notice to you unless the notice provides you with the right to opt out, and 
you do opt out, before the effective date. 

CANCELING YOUR ACCOUNT:  We may cancel your Account or suspend your ability to obtain Account credit 
immediately, without notice, if your Account is in Default. Even if you are not in Default, we may cancel your Account 
by providing notice to you. You may cancel  your  Account by notifying us by telephone or in writing. If  you have a 
secured Account, your termination request must be made in writing.  If this is a joint Account, we will honor a request 
by  either  of  you  to  cancel  the  Account.  After  the  Account  is  cancelled,  you  will  not  be  able  to  obtain  additional 
Account credit, except that, (a) the Account may continue to receive recurring charges for items and services until you 
contact and cancel delivery with the company providing the item or service, or (b) under certain circumstances if you 
use your Account for a transaction, the transaction may be posted to your Account.  After your Account is cancelled, all 
amounts outstanding  on  your  Account  will  be  due  and  payable  without notice  or demand  from  us.  You  must  cut  all 

 
 
 
 
 
 
 
 
Access Cards and Investment Equity Line Checks in half and return them to us.  If you do not pay the amount you owe 
under this Agreement, you will be liable for our collection costs including our reasonable attorney fees and expenses of 
legal actions, to the extent permitted by applicable law. 

AUTHORIZED  USERS:  You  agree  not  to  allow  access  to  your  Card,  Account  number,  Investment  Equity  Line 
Checks, or personal identification number (PIN) to anyone else to use your Account, except by asking us to issue a card 
to grant Account access to another person.  If you allow access to your Access Card or Account information, you will 
be liable for any charges made by that person, unless and except as expressly required by applicable law.  You agree to 
be responsible for all Account transactions made by a Borrower, or anyone who you have authorized by (a) asking us to 
issue a Access Card to grant Account access to another person; (b) lending your Access Card to or allowing Account 
access  by  another  person;  or  (c)  any  other  way  in  which  you  would  be  legally  considered  to  have  allowed  another 
person  to  use  your  Account  or  to  be  legally  prevented  from  denying  that  you  did  so.    Be  cautious  when  allowing 
another person  to become  an  authorized user  of  your  Account;  once  you  allow  authority  to  any  authorized  user  you 
cannot  limit  that  authority  unless  the  Account  is  closed  to  future transactions.    You,  as  a  primary  or  joint  Borrower 
must call us or write us with any request to cancel and remove a person’s authority. We will not provide any Account 
information to anyone other than you and any individual you authorize has no right to make any Account changes or 
inquiries. 

LOST OR STOLEN ACCESS CARDS OR CHECKS:  You must notify us immediately by telephone or in writing 
if your Access Card or Investment Equity Line Checks are lost or stolen or there is possible unauthorized use of your 
Account.  You will not be liable for unauthorized use of the Account.  NOTE:  IF YOU REPORT YOUR ACCESS 
CARD  OR  CHECKS  AS  LOST  OR  STOLEN,  ALL  OTHER  ACCESS  CARDS  AND  UNUSED  CHECKS  YOU 
HAVE MUST BE RETURNED TO OUR INVESTIGATIONS DEPARTMENT AND YOUR ACCOUNT WILL BE 
CLOSED.    NEW  CHECKS  WILL  BE  ISSUED  ON  YOUR  NEW  ACCOUNT.    IF  YOUR  OLD  ACCOUNT  HAD 
CARD ACCESS, NEW ACCESS CARDS WILL ALSO BE ISSUED ON YOUR NEW ACCOUNT.  

JOINT ACCOUNTS: Each Borrower agrees to pay all amounts on your Account, even if another Borrower won’t or 
can’t pay, or another Borrower received the loan money.  Each Borrower can cancel the Account in writing, even if the 
other Borrower does not want the Account canceled. 

GOVERNING LAW: United States and Ohio laws govern this Agreement. 

“PAYMENT IN FULL” OF DISPUTED AMOUNTS: If you attempt to resolve any disagreement about any amount 
you  owe  by  sending  Bank  a  check  marked  “Payment  in  full”  or  with  similar  language,  you  must  send  it  with  an 
explanation to an address specified in the Agreement that is provided with the Account.  If you send your check to any 
other address and Bank cashes it, Bank may still collect any other amount you owe. 

MISCELLANEOUS AGREEMENT PROVISIONS:   

Introductory and Promotional Rates: We may, at our option, offer you for a limited time introductory or promotional 
interest rates for all or part of new Purchase, Advance, or Balance Transfers posted to your Account. We will tell you in 
the Offer Materials the introductory or promotional rate and the period of time during which that rate will be in effect 
and  any  conditions  or  requirements  of  the  offer.  Unless  the  Offer  Materials  state  otherwise,  an  introductory  or 
promotional rate will remain in effect until the last day of the billing cycle in which the introductory or promotional 
rate expires.  Any introductory or promotional rate that applies to new or outstanding Account balances will increase to 
the standard rate that would otherwise apply, or, when appropriate under the terms of this Agreement, a Penalty Rate 
due to an Adjustment Event (as indicated above).    

Promotional  Offers:  You  may  take  advantage  of  special  promotional  U.S.  Bank  Investment  Equity  Line  Check  or 
Balance Transfer offers that post as Purchase transactions (“Purchases”).  We will, in connection with any promotional 
Balance Transfer or U.S. Bank Investment Equity Line Check offer we make, provide you with materials that explain 
whether those transactions will post and be treated as a Purchase. 

 
 
 
 
 
 
 
 
 
Balance Transfers (if available): We may permit you to transfer balances and obligations to the Account that you owe 
other companies or financial institutions, subject to the terms and conditions disclosed in offers we may make to you 
from  time  to  time.    Balance  Transfers  will  post  to  the  Account  and  be  separately  reflected  on  monthly  Account 
statements as Balance Transfer, or, depending upon the offer, may post to the Account and be treated as a Purchase, 
Cash Advance or some other kind of Advance transaction.  We will, in connection with any Balance Transfer offer we 
make, provide you with materials that explain how the Balance Transfer will post to the Account and be reflected on 
monthly  Account  statements.    You  may  not  request  Balance  Transfers  of  existing  obligations  you  owe  us  or  our 
affiliates.  If you request a Balance Transfer that would cause the Account to exceed its available Credit Limit, we may, 
at our option,  

(a)  post the entire Balance Transfer requested to your Account and assess an Overlimit Fee;  
(b)  post only a portion of the Balance Transfer requested to your Account up to the amount of credit available 

under the Credit Limit; or 

(c)  refuse to process the entire amount of the Balance Transfer Requested. 

PRIVACY  PLEDGE  AND  DISCLOSURE  OF  ACCOUNT  INFORMATION:    You  will  receive  a  copy  of  our 
Privacy Pledge when you open your Account and at least once annually.  We also keep copies of our Privacy Pledge in 
Bank offices and post it on our Web site at usbank.com.  Our Privacy Pledge describes how we collect, protect and use 
your  confidential  financial  and  other  information  and  the  circumstances  in  which  we  share  your  information  with 
members of our corporate family and with unaffiliated third parties.  The Privacy Pledge also tells you how you can (a) 
limit the ways we share, and (b) request corrections to the information we maintain about you. 

CREDIT BUREAU DISPUTES:  If you believe we have inaccurately reported information on your credit history to a 
credit bureau, you can call us at 1-866-234-4750 or write to us at U.S. Bank, Consumer Recovery Department, Attn: 
CBR Disputes, P.O. Box 108, St. Louis, MO 63166. 

ARBITRATION PROVISION: 
(a)    You  agree  that  either  you  or  we  can  choose  to  have  binding  arbitration  resolve  any  claim,  dispute  or 
controversy between you and us that arises from or relates to this Agreement or the Account and credit issued 
thereunder  (individually  and  collectively,  a  "Claim").    This  does  not  apply  to  any  Claim  in  which  the  relief 
sought is within the jurisdictional limits of, and could be fully and properly adjudicated by, a small claims court.  
If arbitration is chosen by any party, the following will apply: 

(1)    NEITHER  YOU  NOR  WE  WILL  HAVE  THE  RIGHT  TO  LITIGATE  A  CLAIM  IN  COURT  OR  TO 
HAVE  A  JURY  TRIAL  ON  A CLAIM,  OR  TO  ENGAGE  IN  PRE-ARBITRATION  DISCOVERY,  EXCEPT 
AS PROVIDED FOR IN THE APPLICABLE ARBITRATION RULES.  
(2) Arbitration will only decide our or your Claim, and you may not consolidate or join the claims of other 
persons  who  may  have  similar  claims.    YOU  WILL  NOT  HAVE  THE  RIGHT  TO  PARTICIPATE  AS  A 
REPRESENTATIVE  OR  MEMBER  OF  ANY  CLASS  OF  CLAIMANTS,  OR  AS  A  PRIVATE  ATTORNEY 
GENERAL, PERTAINING TO ANY CLAIM SUBJECT TO ARBITRATION.  
(3)  The  arbitration  will  be  performed  in  accordance  with  this  Arbitration  Provision  and  the  rules  of  the 
chosen arbitrator in effect when the Claim is filed.   
(4)    The  arbitrator’s  decision  will  generally  be  final  and  binding,  except  for  the  limited  right  of  appeal 
provided by the Federal Arbitration Act.  
(5)  Other rights that you would have if you went to court might also not be available in arbitration.  

(b)    The  party  commencing  the  arbitration  may  select  to  use  either  JAMS  or  the  American  Arbitration 
Association ("AAA") (or, if neither  of these  arbitration  organizations will serve, then  a comparable substitute 
arbitration  organization  agreed  upon  by  the  parties  or,  if  the  parties  cannot  agree,  chosen  by  a  court  of 
competent  jurisdiction).    If  JAMS  is  selected,  the  arbitration  will  be  handled  according  to  its  Streamlined 
Arbitration Rules unless the Claim is for $250,000 or more, in which case its Comprehensive Arbitration Rules 
shall  apply.    If  the  AAA  is  selected,  the  arbitration  will  be  handled  according  to  its  Commercial  Arbitration 
Rules.  You may obtain rules and forms for JAMS by contacting JAMS at 1-800-352-5267 or www.jamsadr.com 
and for the AAA by contacting the AAA at 1-800-778-7879 or www.adr.org.  Any arbitration hearing that you 
attend will take  place in the federal judicial  district where you reside.  At your request, we will advance your 
filing and  hearing fees for any Claim you  may file against us. If you  prevail  on your Claim, we will pay your 
arbitration costs and fees, other than attorney, expert and witness fees and expenses.  We will also pay any fees 
or  expenses  that  applicable  law  requires  us  to  pay.    The  arbitrator  shall  apply  applicable  substantive  law 
consistent  with  the  Federal  Arbitration  Act,  9  U.S.C. §§ 1  through  16,  including  but  not  limited  to  applicable 
statutes of limitation, and shall honor claims of privilege recognized at law.  Judgment upon the award rendered 
by the arbitrator may be entered in any court having jurisdiction.  

(c)  This  Arbitration  Provision  shall  survive  repayment  of  your  extension  of  credit  and  termination  of  your 
Account.  This Arbitration Provision shall  be governed by federal law, including the Federal Arbitration  Act, 

 
 
 
 
 
 
 
and by Ohio law, without regard to its internal conflict of law principles, to the extent such state law does not 
conflict with federal law or this Arbitration Provision. Notwithstanding any language of this Agreement to the 
contrary, should any portion of this Arbitration Provision be held invalid or unenforceable by a court or other 
body of competent jurisdiction, this entire Arbitration Provision shall be automatically terminated and all other 
provisions of this Agreement shall remain in full force and effect. 

THE FOLLOWING PROVISIONS APPLY TO YOUR ACCESS CARD: 

EXPANDED ACCOUNT ACCESS: Any Card or PIN issued to or selected by you under this Agreement will access 
multiple checking, savings, line of credit and credit card accounts in your name with us or our bank affiliates; and any 
Account opened under this Agreement may be accessed by any card(s) or PIN(s) that you have selected or that has been 
issued  to  you  or  may  in  the  future  be  selected  by  you  or  issued  to  you  by  us  or  our  bank  affiliates.        “Expanded 
Account  Access”  means  use  of  a  card  or  account number  and PIN  to  conduct  a  transaction  or  obtain  information  at 
ATMs,  over  the  telephone,  through  personal  computer  banking,  or  via  any  other  available  method.    There  are  no 
additional  fees  or  charges  for  Expanded  Account  Access.    The  fees  and  terms  disclosed  for  each  Account  apply.  
Expanded Account Access may be available for up to 5 checking, 5 savings, 5 line of credit and credit card accounts, 
and at other ATMs and with other available methods of access, other limitations apply.  Call Cardmember Service to 
cancel  Expanded  Account  Access,  allowing  a  reasonable  time  for  cancellation  to  become  effective.    Canceling  the 
service for this Account will cancel your ability to use Expanded Account Access by all of your other accounts. 

MERCHANT ACCEPTANCE: Bank cannot be responsible if someone won’t accept your card. Also, Bank cannot be 
responsible for anything purchased with your card. Only the merchant who sold you the product can accept returns. 

LIMITS  ON  USING  YOUR  CARD:    When  you  use  your  card,  the  merchant  or  teller  may  have  to  get  an 
“authorization.” Your card is limited to a certain number of authorizations per day. That limit may change. You may 
not be able to use your card if: you are over your Credit Limit or you are in default. 

USING  YOUR  CARD  IN  A  FOREIGN  COUNTRY:    You  may  use  your  Card  for  retail  Purchases  at  foreign 
merchants  and  for  cash  withdrawals  from  foreign  ATMs  that  bear  either  the  PLUS  System  or  the  Visa  logo.    Some 
merchant  and  ATM  transactions,  even  if  you  and/or  the  merchant  or  ATM  are  located  in  the  United  States,  are 
considered foreign transactions under the applicable Visa rules, in which case we will add the Foreign Transaction Fee 
INTEREST CHARGE described in this section to those transactions.  We do not control how these merchants, ATMs, 
and  transactions  are  classified  for  this  purpose.    The  exchange  rate  in  effect  when  the  transaction  is  processed  may 
differ from the rate in effect on the date of the transaction or the date of the posting of the transaction to your Account. 

If you use your Card at a merchant or an ATM that bears the Visa logo (and no PLUS System logo), the transaction 
will  be  processed  through  the  Visa  system  and  will  be  converted  into  U.S.  Dollars  according  to  the  applicable  rules 
established by Visa from time to time.   Currently, the currency conversion rate used by Visa to determine the foreign 
currency  transaction  amount  in  U.S.  Dollars  is  determined  by  multiplying  the  amount  of  the  foreign  currency 
transaction  times  (a)  a  rate  selected  by  Visa  from  the  range  of  rates  available  in  wholesale  currency  markets  for  the 
applicable  central  processing  date,  which  rate  may  vary  from  the  rate  Visa  itself  receives,  or  (b)  the  government-
mandated  rate  in  effect  for  the  applicable  central  processing  date.    If  your  foreign  transaction  is  in  foreign  currency 
prior to being processed by Visa, we will add a Foreign Transaction Fee INTEREST CHARGE of 3% of the Purchase 
transaction or 3% of the ATM transaction. If your foreign transaction is in or converted to U.S. Dollars prior to being 
processed by Visa, we will add a Foreign Transaction Fee INTEREST CHARGE of 2% of the Purchase transaction or 
2% of the ATM transaction. 

If  you  use  your  Card  at  an  ATM  that  bears  only  the  PLUS  System  logo  (and  no Visa  logo),  the  transaction  will  be 
processed through the PLUS System and will be converted into U.S. Dollars at the exchange rate established, from time 
to  time,  by  the  operator  of  that  ATM.    To  the  converted  transaction  we  will  not  add  a  Foreign  Transaction  Fee 
INTEREST CHARGE. 

If you use your Card at an ATM that bears both the Visa and PLUS System logos, the ATM operator will determine 
whether  to  send  your  transaction  over  the  Visa  or  PLUS  System  network  using  such  network’s  respective  currency 
conversion rules then in effect (as explained above).  

YOUR BILLING RIGHTS 
Keep this document for future use.  This notice tells you about your rights and our responsibilities under the Fair Credit 
Billing Act. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
What to Do If You Find a Mistake on Your Statement: 
If you think there is an error on your statement, call or write to us.  

In your letter or call, give us the following information: 
  Account information: Your name and Account  number. 
  Dollar amount: The dollar amount of the suspected error. 
  Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why 

you believe it is a mistake. 

You must contact us: 
  Within 60 days after the error appeared on your statement. 
  At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount 

you think is wrong. 

What Will Happen After We Receive Your Letter or Call: 
When we receive your letter or call, we must do two things: 
1.  Within 30 days of receiving your letter or call, we must tell you that we received your letter.  We will also tell you 

if we have already corrected the error. 

2.  Within 90 days of receiving your letter or call, we must either correct the error or explain to you why we believe 

the bill is correct.  While we investigate whether or not there has been an error: 
  We cannot try to collect the amount in question, or report you as delinquent on that amount. 
 

The charge in question may remain on your statement, and we may continue to charge you interest on that 
amount. 

  While you do not have to pay the amount in question, you are responsible for the remainder of your balance. 
  We can apply any unpaid amount against your Credit Limit. 

 

After We Finish Our Investigation, One of Two Things Will Happen: 
 

If we made a mistake, you will not have to pay the amount in question or any interest or other fees related to that 
amount. 
If  we  do  not  believe  there  was  a  mistake,  you  will  have  to  pay  the  amount  in  question,  along  with  applicable 
interest and fees.  We will send you a statement of the amount you owe and the date payment is due.  We may then 
report you as delinquent if you do not pay the amount we think you owe.  If you receive our explanation but still 
believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay.  If you do so, 
we cannot report you as delinquent without also reporting that you are questioning your bill.  We must tell you the 
name  of  anyone  to  whom  we  reported  you  as  delinquent,  and  we  must  let  those  organizations  know  when  the 
matter has been settled between us. 

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your 
bill is correct. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases:  
If you are dissatisfied with the goods or services that you have purchased with your Card, and you have tried in good 
faith  to  correct the problem  with  the  merchant,  you  may  have  the  right  not  to  pay  the  remaining  amount due  on  the 
purchase.  To use this right, all of the following must be true: 

1.  The purchase must have been made in your home state or within 100 miles of your current mailing address, and 
the  purchase  price  must  have  been  more  than  $50.  (Note:  Neither  of  these  are  necessary  if  your  purchase  was 
based on an advertisement we mailed to you, or if we own the company that sold you the goods or services.) 

2.  You must have used your credit card for the purchase. Purchases made with cash advances from an ATM or with a 

check that accesses your credit card Account   do not qualify. 

3.  You must not yet have fully paid for the purchase. 
If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing.  
While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as  discussed  above.    After  we  finish  our 
investigation, we will tell you our decision. At that point, if we think you owe an amount and you do not pay, we may 
report you as delinquent. 

SPECIAL RULES FOR VISA® ACCESS CARD PURCHASES DO NOT APPLY TO PURCHASES MADE WITH 

 
 
  
 
 
 
 
 
 
 
 
INVESTMENT EQUITY LINE CHECKS. 

The creditor and issuer of your Account is U.S. Bank National Association. 

07_USB_INVESTMENT EQUITY_LOC