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.
Tenants in common - when one dies, one's portion of the partnership is transferred to one's heirs. Joint tenancy - right of survivorship - when one dies, the entire interest goes to the other person. Tenancy by entirety - for example, a husband and wife. Each tenant owns by whole and by part.