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.
If you are a Joint Tenant, this means that on the death of one tenant, his or her share automatically passes to the surviving tenant. If you do not wish this to happen, then the Joint Tenancy must be severed to create a Tenancy in Common.