National Credit Union Administration. The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.
This joint tenancy severance is necessary to change your tenancy from a joint tenancy to a tenancy in common. This notice will record the current ownership of the property as well as the change in ownership. Ask a lawyer to discuss your specific legal situation.
To create a survivorship joint tenancy, clear language must be used in the deed. For example: âAB and CD as joint tenants with right of survivorship and not as tenants in common.â In a tenancy in common, co-owners do not always have equal shares in the property.