In the preambles to the proposed and final rules, HUD states without elaboration2 that by approving [the rule the Secretary] certifies that [it] does not have a significant economic impact on a substantial number of small entities, other than those impacts specifically required to be applied universally by the RESPA statute.
The Secretary, according to HUD, is certain that the rules will cause significant economic hardship for small entities.
mnli hypothesis: The Secretary, according to HUD, is certain that the rules will cause significant economic hardship for small entities. premise: In the preambles to the proposed and final rules, HUD states without elaboration2 that by approving [the rule the Secretary] certifies that [it] does not have a significant economic impact on a substantial number of small entities, other than those impacts specifically required to be applied universally by the RESPA statute.