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.
In a joint tenancy, when one of the joint tenants dies that personâs interest in the property âdisappearsâ â there is no interest in the property which passes to the deceased estate, and the other joint tenant (or tenants) automatically becomes the complete owner.