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.
The fact that the words 'severance' are used is not controlling.. A payment is not to be considered as in-lieu-of-notice pay, when the payment was contingent upon the recommendation of his supervisor and approval of the manager. For example, an employer elects to terminate one of his employees.