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Not on the Aura One, but... For my library / Overdrive account, I can select a lending period of 7, 14 or 21 days under settings. I think a renewal notice appears at 3 days if no one has a hold on the title. I would have to reload the book to the reader to reactivate the license.
If my memory serves, if I keep a book open on the Aura (not HD, not H2O, not Second Edition... and not the One) and only sleep, an expired book stays available. As soon as I close the book and try to open it again, I get the dreaded expired notice. I try to avoid getting to this point, because at some point I always forget and go to the home screen.
Not sure how it will all work when Overdrive is in the reader.
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