Which act is prohibited by the Deceptive Trade Practices Act in Rhode Island?

The Deceptive Trade Practices Act in Rhode Island is designed to protect consumers and ensure fair business practices. Claiming that a company has special state endorsement is prohibited under this act because it misleads consumers into believing that the company has government or official approval that it does not actually possess. Such claims can significantly impact consumer decision-making, leading them to choose services based on false information.

In contrast, providing accurate loan terms is a requirement for transparency and honesty in lending practices, and thus aligns with the intentions of the law. Similarly, offering discounted fees for services is a legitimate business practice and not inherently deceptive. Soliciting loans from licensed individuals is also permissible, assuming it is done in accordance with regulatory guidelines. Therefore, only the claim of having a special state endorsement stands as a deceptive practice under this act.