Identity theft — civil cause of action.

1. In addition to any other remedies provided by law, a person as defined under section 714.16, subsection 1 , suffering a pecuniary loss as a result of an identity theft by another person under section 715A.8 , or a financial institution on behalf of an account holder suffering a pecuniary loss as a result of an identity theft by another person under section 715A.8 , may bring an action against such other person to recover all of the following: a. Five thousand dollars or three times the actual damages, whichever is greater. b. Reasonable costs incurred due to the violation of section 715A.8 , including all of the following: (1) Costs for repairing the victim’s credit history or credit rating. (2) Costs incurred for bringing a civil or administrative proceeding to satisfy a debt, lien, judgment, or other obligation of the victim. (3) Punitive damages, attorney fees, and court costs. 2. For purposes of this section , “financial institution” means the same as defined in section 527.2 , and includes an insurer organized under Title XIII, subtitle 1 , of this Code, or under the laws of any other state or the United States. 99 Acts, ch 47, §1 ; 2005 Acts, ch 18, §2 ; 2013 Acts, ch 30, §209 Referred to in §614.4A