Chiming in to say that I've had this happen on my Nook Color. I wanted to test the "Read in Store" feature and the first book I tried kicked me out and said the time limit had expired. I'd never loaded that book before and that's the only B&N I visit, so there's that.
I figured the feature was acting up and didn't ever get around to trying again. I only mention it now as a data point for the OP.
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