Modifies the homestead amount to be exempt from execution and attachment

HB 2200 increases the homestead exemption value from $15,000 to $50,000, protecting primary residences from being seized by creditors. It directly affects homeowners who use their property as a primary residence, ensuring the first $50,000 in value of their home remains shielded from debt collection. The bill clarifies that multiple owners of a single homestead cannot collectively claim more than the $50,000 exemption, and maintains restrictions preventing either spouse from unilaterally selling or mortgaging the homestead without joint action. Existing rules requiring joint consent for property transactions remain unchanged.