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.
Joint tenancy is distinguished by the four unities: 1. possession, 2. interest, 3. title and 4. time. Unity of Possession means that each of the co-owners has an equal right to possession of the entire property. If a joint tenant excludes another joint tenant from the property, this amounts to trespass.