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The Library of Congress ("LOC") is the research library that officially serves the United States Congress and is the de facto national library of the.trying to reconcile an LOC account, the account is set up as a 'bank' class account so it can be used to make payments a payment is made for the LOC monthly interest.
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Lines of Credit. Working with you. Interest on money borrowed against your LOC is set slightly above the prime rate and calculated against your balance monthly.