Requires the Legislative Research Commission to study: (1) including non-depository industry representation on the State Banking Commission; (2) eliminating the requirement of an audited statement of financial condition; (3) adjusting the amount of the assessment fee; (4) adjusting the amount of the bonds required under GS 53-244.103. 12; (5) allowing the origination of reverse mortgages by all mortgage loan originators, mortgage brokers, mortgage lenders, and mortgage servicers, who are licensed by the Commissioner of Banks; (6) revising the procedure by which the Commissioner of Banks makes rules; and (7) eliminating the requirement that the North Carolina Housing Finance Agency adopt rules and oversee the training of housing counselors. Requires a report to the 2013 General Assembly when it convenes in 2014.