Brooks Bossong focuses his practice on banking law, credit union law, commercial litigation, creditors rights and special assets. Brooks has a statewide practice in which he represents a variety of financial institutions and business lenders in areas involving the workout and restructuring of troubled debt facilities, regulatory issues, and lender liability defense.
When restructuring is no longer a viable option, Brooks handles the prosecution of debt and collateral recovery, including bringing suit in state or federal court. Brooks has significant experience representing clients in investigating asset transfers, pursuing fraudulent conveyance claims, handling foreclosures (as trustee or as lender’s counsel, with significant experience working with complex servicing and participation agreements), representing clients in federal forfeiture proceedings, pursuing prejudgment remedies such as attachment and replevin/claim and delivery, handling the domestication and enforcement of foreign judgments, and pursuing post judgment enforcement via supplemental proceedings. Brooks also advises and assists clients with loan modifications, loan sales, and forbearance arrangements in which clients’ secured positions are re-evaluated and augmented. Brooks regularly advises lenders/servicers on state and federal regulatory compliance issues, including compliance with the Consumer Financial Protection Bureau’s rules relating to mortgage servicing, early intervention, and loss mitigation procedures.
Brooks has considerable experience in state and federal courts, including trial and motions practice, appellate advocacy and bankruptcy practice.
Speaking & Writing
•Avoiding the Fiduciary Duty Trap: Lessons Learned and Practical Tips
October 1, 2014
•Consumer Financial Protection Bureau 101
November 10, 2014
•Changes to Mortgage Servicing Rules
November 20, 2014
•Why the Flagstar Bank Case is Important
January 8, 2015
•The Consumer Financial Protection Bureau's case against Corinthian Colleges
March 12, 2015
•Corinthian Colleges: Part Two - the Perfect Storm
April 29, 2015
•The Consumer Financial Protection Bureau's cases against Sprint and Verizon for Mobile Cramming
June 23, 2015
•The Consumer Financial Protection Bureau's new Know Before You Owe Mortgage Disclosure Rule
July 23, 2015
•The Consumer Financial Protection Bureau's case against Citibank for violations relating to credit card add-on products
August 25, 2015
•Countdown to TRID Implementation
September 25, 2015
•Redlining and the joint action by the Consumer Financial Protection Bureau and the Department of Justice against Hudson City Savings Bank
November 12, 2015
•The Consumer Financial Protection Bureau’s New Rule for Compliance with the Home Mortgage Disclosure Act
January 29, 2016
•Cutting Through the Constitutionality Haze in the Battle Between PPH Corporation and the Consumer Financial Protection Bureau
May 19, 2016
Brooks has spoken at numerous CLEs on the topics of creditors’ rights, landlord tenant law, supplemental proceedings, foreclosures, and the Federal Fair Debt Collection Practices Act.
He co-authored an edition of Successful Judgment Collections in North Carolina published by National Business Institute in 2000, and was also a co-author of the NC State Bar Association 2011 CLE Manual on Collection and Enforcement of Judgments.
Blog: Consumer Financial Protection Bureau
Outside Nexsen Pruet
Outside Nexsen Pruet, Brooks enjoys racquet sports as a way to reduce stress and pretend he’s physically thrashing the opposition. When he's not playing sports, Brooks is active in the YMCA Adventure Guides Program. He is also a flag football coach for the YMCA. Brooks is a member of Centenary United Methodist Church in Winston-Salem.