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.
Severing a joint tenancy is the process by which you convert a joint tenancy into a tenancy in common. Most house 'co-owners' own their home as 'joint tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will.