Consumer leasing company Make It Mine Finance Pty Ltd has been ordered to pay penalties of A$1.2 million by the Federal Court, which found that the company failed to disclose important information to its customers.The court also found that Make it Mine breached its responsible lending obligations and operated for a period while unlicensed.The company failed to make any inquiries about the financial position of more than 20,000 customers between April 2011 and March 2013. This included failing to make an assessment as to whether the contract was suitable.It failed to inform customers of the cash price or market value of the goods they were purchasing on a sale by instalment basis, as well as the interest rate and total amount of interest paid. These breaches affected 24,000 contracts entered into between July 2010 and March 2013.The company wrote more than 3600 contracts between July 2010 and April 2011, when it did not have a licence.In a submission to the Review of Small Amount Credit Contracts, Make It Mine described itself as the third largest company in the consumer leasing industry, behind Radio Rentals and Mr Rentals.The company has 55 staff and has written around 38,000 contracts over the past five years."We have experienced significant growth since we entered the industry largely attributed to our focus on outstanding customer service," the company said in its submission.The SACC Review is considering whether consumer leases that are comparable to small amount credit contracts should be subject to similar regulation.