CA SB1188

Adds Section 1762 to the Civil Code defining fraud and deceit under the Consumers Legal Remedies Act to include suppression or omission of material facts by those bound to disclose them.

Defines a material fact as one that a reasonable person would consider important when deciding whether to engage in the transaction in question.

Clarifies that materiality is not limited to circumstances where a product poses a threat to health or safety, expanding the scope of what constitutes material facts.

Specifies that the section does not expand or restrict existing warranty rights or obligations.