Where are you running Overdrive?
Do you mean the Overdrive app/program, or trying to get Overdrive books using the Adobe Digital Editions program?
There are some suggestions at http://forums.adobe.com/thread/990177 that may help
I am trying to use overdrive on my ipad mini and keep getting error 2004, that I've used my id too much. What can I do to resolve this issue?
Adobe Live Chat: http://www.adobe.com/support/chat/ivrchat.html
They can reset your authorizations, and then you must reauthorize any devices you still need.
(Unfortunately, Adobe haven’t got round to an admin website for viewing and editing authorizations.)
Some of the representatives haven't been properly trained and don't know what to do (and claim there is nothing they can do);
in that case the only way seems to be to give up that chat and try another session hoping for a properly trained representative.
If your problem is with another device using Overdrive, Bluefire, Aldiko or similar third party app, it is recommended not to mention that app when on the chat, just mention that you have run out of authorizations (E_ACT_TOO_MANY_ACTIVATIONS) . Thanks to AJP_Bear for that tip.