The library should return the signed Memorandum of Agreement and the Data and Information Request form. Indicate in the place provided on the Data and Information Request Form that an invoice for a specified dollar amount will be necessary. Participants receive monthly statements indicating activity since their last statement and the balance in their account. Each transaction for which a participant has been credited or debited will be listed on the statement. These costs include personnel, postage, photocopying, and computer equipment as well as future enhancements to the system.
Net lenders receive quarterly reimbursement checks.
You will need to give your Federal ID number which can be reported on the Data and Request Form for Establishment of Deposit Account. Any loan requiring a surcharge for special handling, such as Fax or Rush, can be included in the transaction data file. If the borrower is a member of EFTS, simply add the request to the transaction data file and send it to the EFTS server. The program is designed to check all incoming charges against previous charges made. If a library were to resend a request already credited to their account, it would be pulled out and noted on their error report.