(a) The director, and any other representatives of the department designated by the director, shall have the powers of peace officers only for the purpose of service of warrants or documents and for the cooperation with other law enforcement agencies in the collection of information.
(b) The department shall notify any concerned governmental agency whenever it is determined by investigation that an escrow agent has done any of the following:
(1) Violated Section 18035, 18035.2, or applicable administrative rules and regulations.
(2) Engaged in loan fraud.
(3) Submitted false information to the department for the purposes of titling and registration of a manufactured home or mobilehome.
(Amended by Stats. 1990, Ch. 865, Sec. 1.)