I have a question at the bottom of an approval letter states: Important Notice Required by Law: Federal law requires us to notify you that (a) Lender is considered a debt collector, (b) this is an attempt to collect a debt and (c) any information obtained will be used for that purpose.  However, if you are currently in a bankruptcy, this letter is not an attempt to collect a debt from you personally to the extent it is included in your bankruptcy or has been discharged, but is provided for informational purposes only.

My question is does this mean that the lender cannot collect any monies from the seller for example for making up the difference on a second lien payoff amount???  For example the 1st only approves $3000 and the second is asking for $5000 and will not budge and is asking for the seller to come in with the difference.

Thanks in advance!