New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 16W-10

a. In the event of any claim against a financial institution where the claimant relies in any way on records of the financial institution, which records are not required to be retained by the financial institution by the terms of this act or by other applicable State or federal record retention statutes or regulations and the records have not been retained by the financial institution, the fact that the financial institution does not have the records shall not give rise to any inference or presumption against the financial institution as to the content of the records nor shall the lack of the records shift any burden of proof from the claimant to the financial institution.

b. Nothing in this act shall be deemed to amend or alter any statute of limitations.

c. Nothing in P.L.1999, c. 257 (C.17:16W-1 et seq.) shall be interpreted to require a financial institution to create any data or, except as specifically provided in that act, to retain any records that would not otherwise be created or retained. Records required to be retained by P.L.1999, c. 257 (C.17:16W-1 et seq.) may be preserved in any form permitted by section 247 of P.L.1948, c. 67 (C.17:9A-247).