Identity Theft Protection and Timely Reporting Act of 2007 - Directs the National Technical Information Service of the Department of Commerce to provide monthly updates of the Death Master List prepared by the Social Security Administration to each consumer reporting agency described in the Fair Credit Reporting Act.
Amends the Fair Credit Reporting Act to require each such consumer reporting agency to include a fraud alert in the consumer file of each consumer whose name appears on the Death Master List prepared by the Social Security Administration so long as the agency continues to maintain such file.