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.
(a) If you own property with another person as Joint Tenants, then on the death of one joint tenant, his interest in the land passes to the other joint tenants by the right of survivorship (jus accrescendi), and this process continues until there is but one survivor, who then holds the property as sole owner.