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What is my librarys responsibility for borrowed material?

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What is my librarys responsibility for borrowed material?

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Borrowing libraries are responsible for materials from the time they leave the lending library until they are returned to the lending library. If borrowed material is lost during the transaction, the borrowing library is responsible to replace or pay for the item. The borrowing library may bill the user for lost material or may assume the cost itself. If the user does not pay for the lost material, the library must pay unless the owning library forgives the loss. Damage to materials is the responsibility of the borrowing library. In all cases, the borrowing library should communicate with the lending library to inform them of efforts to retrieve or pay for material. The lending library will inform the borrowing library of any costs.

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