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.
A Deed of Severance is a document which 'severs the tenancy' of a property so that instead of owning the property jointly they own it as Tenants in Common meaning that each person has a definite share in the property.