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Submortgage Broker Information

Submortgage Broker Information

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Nicolas Fotis (Karvos, Niko) Karvouniaris

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Conditions or Restrictions

Nicolas Fotis (Karvos, Niko) Karvouniaris has conditions or restrictions in place.

Telephone Number
(604) 764‑9165
Email Address
niko_karvos@icloud.com

Active Registrations: 1

Active Registrations Registration Expiry Date Conditions or Restrictions
CapitalPoint - Standard Mortgage Ltd 30 January 2026
  1. Nicolas Fotis Karvouniaris’s registration will be restricted to Capitalpoint Mortgage Company Ltd.or another mortgage broker (the “Mortgage Broker”) acceptable to the registrar of mortgage brokers (the“Registrar”) of the BC Financial Services Authority (“BCFSA”) for a period of not less than two (2) years following the renewal of her registration (the “Conditional Registration Period”).
  2. During the Conditional Registration Period, Nicolas Fotis Karvouniaris must remain under the direct supervision of a designated individual of the Mortgage Broker who is acceptable to the Registrar, and who has confirmed in writing to the Registrar that they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties (the “Designated Individual”).
  3. These conditions are in addition to Nicolas Fotis Karvouniaris’s and the Mortgage Broker’s obligations under the Mortgage Brokers Act (“MBA”) and the Regulations made under the MBA (together, the “Legislation”).
  4. The Registrar and Nicolas Fotis Karvouniaris have agreed upon these conditions.
  5. The Designated Individual may delegate certain supervisory duties to a submortgage broker of the Mortgage Broker who is acceptable to the Registrar and who has confirmed in writing to the Registrarthat they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties (the “Supervisor”).
  6. Nicolas Fotis Karvouniaris must keep the Supervisor informed of the mortgage broker services that they are providing.
  7. Nicolas Fotis Karvouniaris must obtain the Supervisor’s review and approval in respect of all mortgage broker services provided.
  8. Nicolas Fotis Karvouniaris must not handle any trust funds in relation to matters in which they are providing mortgage broker services.
  9. The Supervisor must review all transactions in which Nicolas Fotis Karvouniaris provides mortgage broker services, and all documents relevant to the transactions must be contained in the appropriatedeal files and retained by the Mortgage Broker.
  10. The Supervisor must report to the Registrar, must as soon as reasonably practicable in the circumstances at the time, anything of an adverse nature with respect to Nicolas Fotis Karvouniaris’s mortgage broker services, including: a. failure of Nicolas Fotis Karvouniaris to observe these conditions, the requirements of the Legislation or all other applicable legislation; and b. complaints received by the Mortgage Broker, including the nature of the complaint, the partiesinvolved, and how the complaint was resolved.
  11. The Designated Individual must conduct monthly spot checks to ensure the Supervisor is reviewing Nicolas Fotis Karvouniaris’s transactions and services.
  12. If for any reason the Designated Individual is unable to perform any of the duties imposed herein, they must advise the Registrar as soon as reasonably practicable in the circumstances at the time.
  13. If for any reason the Supervisor is unable to perform any of the duties imposed herein, they must advise the Designated Individual and the Registrar as soon as reasonably practicable in the circumstances atthe time. A new Supervisor may be appointed in accordance with the requirements set out in para 5 above.
  14. If there is a change in the Designated Individual of the Mortgage Broker, the former Designated Individual and Nicolas Fotis Karvouniaris must notify the Registrar in writing as soon as reasonably practicable in the circumstances at the time. If the Registrar determines that the successor Designated Individual is acceptable as a Designated Individual for the purposes of these conditions, they will be provided with a copy of these conditions and will be asked to confirm in writing to the Registrar that they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties, including the delegation of certain duties to the Supervisor. If that Designated Individual fails toprovide such confirmation within 14 days of becoming a Designated Individual at the Mortgage Broker, they will be deemed to be unable or unwilling to perform the duties set out in these conditions.
  15. Failure by Nicolas Fotis Karvouniaris to adhere to one or more of the conditions may constitute breach under section 8(1)(f) of the MBA.
  16. The Registrar retains the discretion to investigate this and any other matter relating to Nicolas Fotis Karvouniaris’s registration pursuant to section 5 the MBA.
  17. Nicolas Fotis Karvouniaris’s registration will be restricted to Capitalpoint Mortgage Company Ltd.or another mortgage broker (the “Mortgage Broker”) acceptable to the registrar of mortgage brokers (the “Registrar”) of the BC Financial Services Authority (“BCFSA”) for a period of not less than two (2) years following the renewal of her registration (the “Conditional Registration Period”).
  18. During the Conditional Registration Period, Nicolas Fotis Karvouniaris must remain under the direct supervision of a designated individual of the Mortgage Broker who is acceptable to the Registrar, and who has confirmed in writing to the Registrar that they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties (the “Designated Individual”)
  19. The Designated Individual may delegate certain supervisory duties to a submortgage broker of the Mortgage Broker who is acceptable to the Registrar and who has confirmed in writing to the Registrar that they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties (the “Supervisor”)
  20. Nicolas Fotis Karvouniaris must keep the Supervisor informed of the mortgage broker services that they are providing.  
  21. The Supervisor must review all transactions in which Nicolas Fotis Karvouniaris provides mortgage broker services, and all documents relevant to the transactions must be contained in the appropriate deal files and retained by the Mortgage Broker.
  22. The Supervisor must report to the Registrar, must as soon as reasonably practicable in the circumstances at the time, anything of an adverse nature with respect to Nicolas Fotis Karvouniaris’s mortgage broker services, including: a. failure of Nicolas Fotis Karvouniaris to observe these conditions, the requirements of the Legislation or all other applicable legislation; and b. complaints received by the Mortgage Broker, including the nature of the complaint, the parties involved, and how the complaint was resolved.
  23. If for any reason the Supervisor is unable to perform any of the duties imposed herein, they must advise the Designated Individual and the Registrar as soon as reasonably practicable in the circumstances at the time. A new Supervisor may be appointed in accordance with the requirements set out in para 5 above.
  24. If there is a change in the Designated Individual of the Mortgage Broker, the former Designated Individual and Nicolas Fotis Karvouniaris must notify the Registrar in writing as soon as reasonably practicable in the circumstances at the time. If the Registrar determines that the successor Designated Individual is acceptable as a Designated Individual for the purposes of these conditions, they will be provided with a copy of these conditions and will be asked to confirm in writing to the Registrar that they have read these conditions, are aware of their duties under these conditions, and agree to accept these duties, including the delegation of certain duties to the Supervisor. If that Designated Individual fails to provide such confirmation within 14 days of becoming a Designated Individual at the Mortgage Broker, they will be deemed to be unable or unwilling to perform the duties set out in these conditions.
  25. The Registrar retains the discretion to investigate this and any other matter relating to Nicolas Fotis Karvouniaris’ registration pursuant to section 5 the MBA.
No conditions or restrictions