The following fines are currently levied for overdue loans:
21 day loans - 20p per item per day
7 day loans - 50p per item per day
1 day loans (DVDs) - £3 per item per day (All Discs/videos are charged individually, including those in a set)
Equipment loans (excluding Student Services equipment) - £1 a day
Failure to return or renew overdue loans will result in the borrower being invoiced for the cost of replacement. There is currently a minimum charge of £20.00 per item plus a billing fee. The billing fee is the made up of a £2 processing charge and the maximum overdue fine on the item.
The borrower will still be liable for the billing fee if the item is returned. Billing fees are detailed below.
21 day loan - billed when 35 days overdue - £8 + replacement cost
7 day loan - billed when 31 days overdue - £12 + replacement cost
1 day loan (DVDs) - billed when 25 days overdue - £17 + replacement cost
Equipment loans - billed when 21 days overdue - £30 + replacement cost