A single Bank of America shareholder suggested that it might not be such a bad idea for the bank to put together an independent review system for its mortgage servicing operations.

It's no surprise that Josh Zinner would do so at the company's annual shareholders meeting.

After all, he is with the community advocacy group Neighborhood Economic Development Advocacy Project.

"As a shareholder we are deeply concerned with the persistent and fundamental problems with Bank of America’s servicing practices," Zinner said. "This is especially problematic because Bank of America is the nation’s second largest mortgage servicer, servicing $1.21 trillion in home loans."

He continued saying, "With all due respect Mr. Moynihan, we’re here to tell you that the situation on the ground in communities with Bank of America’s mortgage servicing is very, very different than how you’re portraying it here to shareholders."

To be fair, servicing is still a hot issue of BofA. On Monday, New York Attorney General Eric Schneiderman announced his intentions to sue Bank of America and Wells Fargo [stock WFC] [/stock] for allegedly violating terms of the National Mortgage Settlement.

Bank of America reps listened to the shareholder before moving on to further proposals. Zinner finished by saying, "It’s critical that the Board gets independent review to ensure the Bank of America’s complying with fair lending laws in a way that it does mortgage servicing."