I already know the answer to this question; however, when I see, "check your state laws/requirements," in the answers given, I try to heed the advisory and follow up. I am employed at a bank in Oklahoma. A five year closed-end, fixed rate balloon note is maturing and the customer has requested an extension (we are a small creditor in a rural area). The only change will be an increase in the interest rate causing this transaction to be a refinancing instead of a modification. I don't know if or how Oklahoma state laws/requirements factor into this in any way, but all assistance would be greatly appreciated.