Which regulation is related to the availability of funds and collection of checks?

Regulation CC is the correct choice because it specifically governs the availability of funds and the collection of checks. This regulation, established by the Board of Governors of the Federal Reserve System, sets forth the requirements regarding the timing of funds availability for various types of deposits and outlines how financial institutions must respond to check deposits.

One of the primary purposes of Regulation CC is to promote the efficient collection of checks and to ensure that consumers have access to their funds in a timely manner. It mandates that financial institutions must clearly disclose their policies on funds availability and outlines the time frames within which they must make deposited funds available for withdrawal.

In contrast, Regulation DD addresses the Truth in Savings Act, which focuses on the disclosure of terms and conditions for deposit accounts, while Regulation EE is related to electronic funds transfers, and Regulation FF is connected to the privacy of consumer financial information. Therefore, these other regulations do not pertain to the specific issues of funds availability and check collection in the same way that Regulation CC does.