Braffman v. Bank of America Corp.

Summary

The court affirmed judgment for the bank in the plaintiffs’ action seeking payment from two certificate-of-deposit accounts. Even assuming the trial court improperly allocated the burden of proof, the error was harmless because the court credited substantial evidence that the accounts had been paid and closed before the plaintiffs’ demand. The court also held that the statutory and regulatory record-retention provisions were used as evidence supporting payment, not as a judicially created statute of limitations.