"I feel like there ought to be some kind of grace period on 24 hour loans, or 2 hours loans, or at least more clarity about what the fines would be..."
Loan periods for reserves are set by the professor that has requested them. If they request a 2 hour loan, they would like the materials back within two hours so it may be available for the rest of the class. The fines for any overdue reserve material are posted on the reserve label in front of the book, DVD, or video.
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