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.
When two or more people own a parcel of real property, the ownership is a form of joint tenancy. Joint tenancy has varying degrees. A joint tenancy with the right of survivorship is different from a tenancy in common. Transferring a joint interest may have an effect on the tenancy as a whole. If a property owner wants to transfer his interest, a deed must be written up. A common deed used is the quitclaim deed.