Comment 2 for bug 1331174

Yes, a setting which determines whether the item cost should be billed to the user when the circulation is marked "Long Overdue" is what's needed.

Adding this setting leaves open the option for a library to automatically mark "Lost" and charge the patron the cost of the item at a later time.

If a similar setting providing the option to charge the item cost when an item is automatically marked Lost were introduced, it should be separate from the behavior of the "Mark Lost by Patron" functionality. If "Mark Lost" and "Mark Lost by Patron" follow the same option to charge the item cost, a library could potentially set their options to make it impossible to charge the user the cost of the item.